The National Association of Realtors’ annual Profile of Home Buyers and Sellers survey at the end of 2016 revealed 7 facts about first-time homebuyers. Does this sound like you?
Fact 1: Median age of 32 (31 was media since 2011)
Fact 2: 35% of all homebuyers are first-timers (up 3% over previous year)
Fact 3: 74% rented before buying
Fact 4: 21% lived with family or friends before buying
Fact 5: 24% used a gift as a source of down payment
Fact 6: Of all first-time homebuyers:
Fact 7: 67% say they “desire to own home” as primary reason for buying
If you desire to own your own home and are looking for the team to work with to make that dream a reality, we hope you’ll give us a call soon. If you would like to know more about the home buying process check out our free First Time Homebuyer eBook today!Questions? Contact Shane Ray Today!