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