First Comes Love… Then Comes Mortgage? Couples Lead The Way!

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:

Bottom Line

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!