Mortgage delinquency hits 3.2%. Foreclosures up 17%. First-time buyers down to 21.8%. Builders throw 13.3% in incentives.
Homeownership is slipping through the floorboards. First-time buyers now account for just 21.8 percent of total home purchases, the lowest share ever recorded. That’s down from 34 percent in 2019 and signals a deeper affordability breakdown. Existing home sales are projected to reach 4030000 in 2025, marking the slowest housing market in more than 25 …