Here is your real estate news for Thursday, November 6th.
Today’s Real Estate News (November 6th, 2025):
Homeownership by First-Timers Hits New Low
According to the National Association of Realtors (NAR), the median age of first-time homebuyers in the U.S. has climbed to 40 years, up from 38 in 2024 and 33 in 2020.
First-time buyers now make up just 21% of all home purchases — the lowest level since NAR began tracking the market in 1981. Several key factors are cited: elevated home-prices, higher interest rates, tight inventory of starter homes, and ancillary costs such as child-care that limit savings for down-payments.
Housing Turnover at 30-Year Low
According to Redfin, the pace at which homes are being sold has dropped to its lowest level in over three decades. Only about 28 out of every 1,000 homes changed ownership in the first nine months of 2025. This stagnation is driven by both sides of the transaction: many buyers are priced out, and many existing homeowners are reluctant to sell because they locked in historically low mortgage rates.
Mortgage Rates (November 6th, 2025):
- 30-Year Fixed-Rate: 6.37%
- 15-Year Fixed-Rate: 5.86%
- 30-Year Jumbo: 6.40%
- 10 Year Treasury Yield: 4.12%
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
Thanks for reading,
Chris
