It might seem like home-buying in 2025 feels almost impossible. Prices have climbed, mortgage rates are higher than a few years ago, and many sellers expect cash offers. But the data suggests this isn’t a dead market — it’s a tricky one.
According to the latest from the National Association of Realtors (NAR), first-time buyers now make up just 21 percent of all buyers — the lowest share ever recorded. The typical age of a first-time buyer has climbed to 40 years. National Association of Realtors+1
At the same time, rates have started to drop. The average 30-year fixed mortgage rate recently slid to 6.23 percent — the lowest in months. AP News+1
That dip helped push contract activity up. In October 2025, pending sales rose 1.9 percent, as buyers who had been watching pull the trigger. Reuters+1
For buyers in Mississippi who are ready, that matters. Fewer first-timers means less competition. Slightly lower rates reduce monthly payment pressure. And more listings are starting to linger longer — giving room to negotiate.
Here is how I coach my clients:
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Get clear on what you can actually afford — not just what the lender pre-approves.
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Know your must-haves and what you can compromise on.
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Broaden your search area when possible.
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Use every down-payment or closing-cost assistance program available in Mississippi (I know them well).
Buying now doesn’t mean you need to be perfect. It means being prepared, realistic, and ready to act.
Have any questions about whether now could be your time to buy? Message me on the site and we’ll look at your situation together.
