11/13/2025
This feeling is valid. However many people hold off and wait because they always think they’re not ready— when they could be. There are programs, loans, discounts, promotions, and other avenues they haven’t explored. Let’s make a plan. Reach out.
James Sloan, Real Estate Broker
james@sloansouthhoSloan South Homes at Flex Realty Homes at Flex Realty
At 40 years old, Dorienne Smith only recently felt stable enough to finally buy a home. It took her getting a new job in human resources — plus taking out a loan against her 401(k) — before she felt she could afford to buy.
She struggled to find a home in her $400,000 price range that didn’t require a lot of repairs and that was in an area she felt comfortable.
Like Smith, many Americans are waiting longer than ever to get into their first home. They’re held back by high interest rates, rising home prices and salaries that are barely keeping up with the cost of living.
The median age for first-time homebuyers hit 40, according to a report from the National Association of Realtors. That's up from 38 in the prior year, and it's the highest since the group began keeping records in 1981. First-time buyers also accounted for 21% of all buyers, which the NAR said is a "historic low."
Read more: nbcnews.app.link/S9apdVfBdYb
