According to theÂ National Association of REALTORSÂ most recentÂ Profile of Home Buyers & Sellers,Â married couples once again dominated the first-time homebuyer statistics in 2017 at 57% 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 16% of all first-time buyers last year.
If youâ€™re single, donâ€™t fret!Â Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recentÂ report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone elseâ€™s.
Here is the breakdown of all first-time homebuyers in 2017 by percentage of all buyers, income, and age:
You may not be that much different than those who have already purchased their first homes. Letâ€™s get together to determine if your dream home is already within your grasp!
Source: Keeping Current Matters