First Time Home Buyers What’s the Scoop?
First Time Home Buyers What’s the Scoop?
First time home buyers are rapidly rising. 55% who shopped for a mortgage in the first quarter of 2017 were non homeowners. That is up form 50% in 2016 and 45% in 2015. Below are the national figures for first time home buyers for 2017. Nice to see them on the move to home ownership. First Time Home Buyers…. What’s the Scoop?
35%- buyers that are first time
6%- medium down payment
87%- were born in the US
74%- were renting
21%- were living at home
82%- looking for a detached home
9%- looking for a townhouse
1%- looking for a condo
60%- have no children
19%- have one child
15%- have 2 children
5%- have 3 or more