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Relationship Status of First Time Homebuyers

What is the Relationship Status of First Time Homebuyers?

Have you ever wondered about the relationship status of first time homebuyers?  Probably not, but since it’s Valentine’s Day today why not check into the relationship status of who’s buying homes?

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s.

Here is the breakdown of all first-time homebuyers in 2017 by percentage of all buyers, income, and age:

Bottom Line

You may not be that much different from those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!
Call Finding Homes for You at 636-532-4200 and we will help you find that special place today!  Click Here for the Most Romantic Restaurants in St. Louis and as an extra bonus
What Men Would Like in Their Next Home

 

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