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As America celebrates its 250th anniversary, 81% of U.S. adults say owning a home is still part of the American Dream.
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First-time homebuyers made up 49% of Newrez new purchase loans in 2025, with the median first-time buyer age holding steady at 33.
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Repeat buyers represented just over half of Newrez purchase originations in 2025 and purchased more expensive homes, with a median purchase price of $482,000.
FORT WASHINGTON, Pa., July 06, 2026–(BUSINESS WIRE)–As the United States celebrates its 250th anniversary, homeownership remains part of the American Dream—even as the path to achieving it evolves—according to new data from Newrez, a leading homeownership company.
Newrez, a top 5 mortgage originator, today released new findings from its mortgage originations data showing that first-time homebuyers accounted for 49% of its new purchase loans in 2025, underscoring the continued presence of first-time buyers in today’s market.
This comes at a time when 81% of U.S. adults say owning a home is still part of the American Dream, reflecting the enduring importance of homeownership to millions of Americans, according to a separate survey commissioned by Newrez last month.
View the full report here.
“As the country marks its 250th anniversary, homeownership remains a key part of the American Dream, but the journey looks different for today’s buyers,” said Bob Johnson, Head of Originations at Newrez. “At Newrez, our mission is to do everything possible to make home happen, and that starts with helping consumers better understand the market they’re navigating—because even in a higher-cost environment, first-time homebuyers are still finding ways to achieve their goal of owning a home.”
2025 First-Time Homebuyers
First-time homebuyers continue to represent a meaningful share of Newrez mortgage borrowers, accounting for nearly half of Newrez purchase loans in 2025, down from 56% in 2022. The median age of first-time buyers remained steady at 33, and these borrowers are more likely to use lower down payment options, with a median down payment of 4.85% of the purchase price.
First-time buyers also purchased lower-priced homes than repeat borrowers, with a median price of $345,741—up 10% from 2022. Median borrower income for this cohort increased from $61,728 to $77,208 over the same period.
“First-time buyers continue to represent a significant portion of our business, which speaks to the resilience of homeownership demand,” added Johnson. “While affordability remains a challenge, these buyers are finding practical ways to enter the market and achieve homeownership, showing that the path is still there for those looking to buy.”
