Many Americans are delaying significant life events—like parenting or job changes—until they can purchase their first home. This trend, impacting over half of those surveyed, highlights how the current housing market is reshaping personal goals.
A report from Coldwell Banker details the state of the housing market in 2025 and its effects on people’s lives. About 71% of aspiring homeowners are postponing major milestones, hoping to save enough for a down payment. This data comes from Coldwell Banker’s 2025 American Dream Report, which included feedback from more than 3,000 adults, with around 900 aspiring to homeownership.
Among those delaying important decisions, 18% are holding off on marriage or starting a family, while 17% plan to delay changing careers. Interestingly, respondents from Gen Z are particularly affected; 84% of them intend to wait on these life events until they secure their first home.
Despite the challenges, a significant number of respondents—56%—still regard homeownership as the embodiment of the American Dream. Many individuals see owning a home as more critical than starting a family, retiring early, or even beginning a career, although over half admit they likely won’t achieve this dream until reaching their 40s.
The findings indicate that the tight housing market could alter the pace of life for many Americans. Jason Waugh, the president of Coldwell Banker Affiliates, expressed a positive outlook, noting that the push for homeownership appears to be shifting toward more informed and strategic planning.
Waugh anticipates that home buyers in 2026 may prioritize practical considerations—like smaller homes needing renovation or those with income potential. Despite the ongoing challenges of high mortgage rates and steep prices, many Americans still view real estate as a solid long-term investment. In fact, 65% believe owning a home is a better financial choice than renting.
While the housing market has been tough for buyers, indications suggest a potential shift in their favor. Many respondents reported they’re willing to adjust their expectations, like expanding their search areas, and show intent to purchase a home within the next five years. As interest rates ease and price growth slows, the outlook for first-time buyers seems to be improving.
