Due to persisting inventory shortages, numerous first-time home buyers are getting priced out of the real estate market. The fact that the increase in home values has reached double-digit percentages annually makes it even tougher. Rising sales of properties did not drastically change the market share for first-time buyers during the pandemic. Housing market share figures for first-time home buyers remained nearly the same as the previous year. Falling mortgage rates may have contributed to housing affordability, but the high home prices are posing a challenge to it. This can exert some financial pressure on first-time buyers. The property price rise has been a common phenomenon across the U.S., but the outcome of this is dichotomous. People who know the stock market or who work remotely have benefited from it, whereas those who depend on renting their property or who work on the front lines are at a disadvantage (e.g., grocery store, restaurant or hotel employees). For homeownership affordability, first-time buyers will have to take assistance from down payment programs. Throughout the nation there are 2,500 down payment programs (apart from federal loan programs) that first-time buyers can choose to benefit from. Working with a good real estate agent can help first-time home buyers with guidance about the down payment assistance programs suitable to them.