February

A look back at first-time buyers

Since 1981‚ much has changed with first-time homebuyer demographics. The National Association of REALTORS® took a look back and found the following1:

  • The average first-time buyer was 29 years old in 1981; first-timers were 46 in 2018.
  • In the early 80s‚ 68% of first-time buyers were married couples, 13% were single males‚ and 12% were single females.
  • In 2018‚ married couples made up 54% of first-time buyers – followed by single females (18%)‚ unmarried couples (16%)‚ and single males (10%).

As always‚ I enjoy sharing relevant market data. Please contact me for more information.

1Meredith Dunn‚ “Throwback Thursday: First-time homebuyers then and now‚” Economists’ Outlook Blog‚ last updated January 10‚ 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s