News on November 12,In order to make it easier for home buyers to afford it, U.S. President Trump came up with a "new idea" last week - planning to launch a 50-year mortgage loan to help Americans realize their "home buying dream" more easily.However, as soon as this plan was announced, many mortgage analysts rushed to issue warnings: They believed that the White House needed to proceed with caution...
Trump posted information about the product on his social media platform Truth Social last weekend, quickly causing a stir in American society. Bill Pulte, director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, responded by saying they were "working on it" and said it would be a "total game changer."
Previous data showed that the proportion of first-time homebuyers in the United States among all homebuyers fell to a record low of 21%. At the same time, the average age of first-time homebuyers has climbed to an all-time high.
On Tuesday (November 4) local time, the National Association of Realtors (NAR) released the "2025 Home Buyers and Sellers Profile" on its official website. Reports show that the median age of first-time homebuyers in the United States has climbed to a record high of 40 years old.
Analysts believe that the surge in U.S. housing prices and mortgage interest rates in the past few years has forced millions of Americans to postpone home purchase plans. The current median price of second-hand homes in the United States is US$415,200, an increase of more than 50% from 2019; the mortgage interest rate is also approximately twice as high as at the end of 2021.
