First Comes Love… Then Comes Mortgage? Couples Lead The Way!
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics last year at 54% of all Buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.
However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time Buyers.
If you are single, don’t fret! Single women made up 18% of first-time Buyers last year, while single men accounted for 10% of Buyers. One recent article pointed 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 last year 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!