In the most recent Profile of Home Buyers and Sellers from the National Association of Realtors, married couples once again topped the first-time homebuyers statistics in 2018 at 54% of all buyers. This is very understandable as buying a home is a lot more attainable with two incomes to contribute to monthly housing costs and to save for a downpayment.
In a growing trend, and what I think is a good trend, many couples are deciding to buy a home before spending what would be a down payment on a big wedding. Last year, unmarried couples accounted for 16% of all first time buyers.
Of course single people buy homes too. Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of all first time buyers.
Here is a breakdown of all firs-time homebuyers in 2018 by percentage of all buyers, income and age:
If you find that you are not much different than those who have already purchased their first home and want to chat more about your situation, feel free to reach to me. I would love to determine if your dream home is already within your grasp. If by chance it is not, let's set up a road map to get you on your way to homeownership!