Start with patience, flexibility, and assembling a trustworthy Real Estate team from day one.
Work with a reliable realtor to avoid rushed or financially risky buying decisions.
Compare lenders to find strong pre-approval options, like a pre-underwritten mortgage.
Think creatively—adjust timelines, locations, or expectations to stay competitive in today’s market.
Every buyer’s path is different, but persistence and planning make your first home possible.
After closing on your mortgage, follow this checklist to prepare for moving into your new home. Change your address with the Post Office and update utilities. Review your inspection report for necessary repairs and create a maintenance schedule. Deep clean your new home, including less obvious areas. Change locks and reset security codes for safety. Review any home warranty received and consider purchasing one if not. Prepare emergency supplies and consider a fireproof safe for important documents. Lastly, file for a Homestead Exemption to save on property taxes.
Buying your first house can be both exciting and overwhelming. Resources are available to empower you with the knowledge needed for homeownership. You can save up to $1,250, and if you find lower costs elsewhere, there are incentives. Local experts are available to answer questions and help you make informed decisions. Additionally, ITIN is accepted for mortgage lending applications.
In 2025, the housing market shows slow stabilization with mortgage rates declining from near 7%, boosting buyer interest. Home sales remain sluggish but may rise 6% by year-end, while prices continue modest growth due to limited supply. Inventory has increased, offering buyers more options and negotiating power. Regional variations persist, with stronger markets in the Northeast and Midwest. Affordability and economic stability remain key factors shaping the market's outlook.
A 6% mortgage rate could make homes affordable for 5.5 million more households, potentially unlocking major buying activity across key U.S. metro areas.
NAR forecasts rates falling to 6% by 2026, possibly increasing home sales 14%. Current high rates and inventory growth offer unique buyer advantages now.
Inventories are rising nationally—up 20% in May—and price growth is slowing. Buyers today may find more options and bargaining power than in recent years.
The South leads U.S. population growth, but Midwest metros like Des Moines and Indianapolis also show strength amid migration and Fed rate cut expectations.
First-time buyers are returning, all-cash deals are strong, and real estate net worth remains solid. Equity-rich boomers are driving family-focused relocation trends.
After 3 quarters of slipping, equity-rich homes finally ticked up in Q2 2025.
~50% of U.S. homes with mortgages are now equity-rich.
Equity-rich = owing less than 50% of your home’s value.
In just one quarter, equity-rich homes jumped from 46.2% to 47.4% nationwide.
Even if home prices stall, equity can still grow—and that’s good news for owners.