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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. Louis, Pittsburgh, Cleveland, and Buffalo, N.Y. times median first-time buyer income in the fourth quarter. First-time buyers are known to have less cash than repeat buyers, and across the 50 largest U.S. Read More. .

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Affordability Worsens for First-Time Buyers

Pro Builder

NerdWallet analyzed home affordability for first-time buyers in the country’s largest metros, finding a notable loss of affordability for these usually younger buyers with less robust credit histories and tighter budgets. times more than the median income for a first-time buyer compared to the previous quarter’s 5.2