Buying Your First Home? Here is Why it Feels Impossible in 2025

If you have adult children or know someone trying to buy their first home, you've probably witnessed the struggle firsthand. The income requirements to qualify for a starter home have more than doubled in just the past five years, pushing the average age of first-time buyers from their early thirties to nearly forty. This dramatic shift is the result of mortgage rates skyrocketing from historic lows alongside home prices that have surged dramatically. Meanwhile, there's an interesting opportunity emerging as new construction homes are now priced competitively with existing homes - something we haven't seen in decades as builders offer incentives to move inventory. Next up, we examine how our federal debt has hit levels that should concern everyone. We look at the actual data on government spending and revenue as percentages of GDP to see what's really been happening since Covid. And here's what we're watching closely - the yield on the 10-year Treasury bond and what level could signal trouble ahead. As always, thanks for watching and don't forget to subscribe for market updates that matter to your financial future.