According to theNational Association of REALTORSmost recentProfile of Home Buyers & Sellers,married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.
But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.
If you’re single, don’t fret!Single women made up 18% of first-time buyers in 2016, while single men accounted for 8% of buyers. One recentarticlepointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.
Here is the breakdown of all first-time homebuyers in 2016 by percentage of all buyers, income, and age:
You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!
Author:Derrick Houston Phone: 214-385-1221 Dated: February 14th 2017 Views: 43 About Derrick: Derrick has been in real estate for seven years. Before embarking on a career in real estate, Derric...
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Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.