First-time homebuyers face hurdles despite gradual improvement

First-time homebuyers are navigating high home prices and interest rates by seeking family financial support and multi-generational living arrangements. While affordability improved slightly in April compared to a year earlier, prices remain elevated, with the median age of first-time buyers reaching 40. Examples include a Utah family contributing $200,000 to help their son purchase a Tennessee home and couples like Ty and Allisha Setty buying a Cincinnati house without family aid.