first time buyers Archive

Homeownership Rate in the Second Quarter of 2014

The homeownership rate fell to 64.8 percent in the second quarter.  It marks the lowest ownership rate in nearly 20 years.  After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the...

Sales to First Time Buyers: 30 Percent of Sales in March 2014

First time home buyers accounted for 30 percent of residential sales in March (slightly up from 28 percent in February), according to the latest REALTORS® Confidence Index report. REALTORS® have reported that first-time buyers are having problems with tighter...

60 Percent of First-time Buyers Put Down 6% or Less

About 60 percent of first time home buyers put down 6 percent or less, according to the March REALTORS® Confidence Index. This is down from about 74 percent in 2009. Under tight underwriting standards, REALTORS® have reported that buyers...

First Time Buyers: 27 Percent of Residential Buyers

Approximately 27 percent of REALTOR® respondents reported that their last sale in December was by a first time home buyer [1] (28 percent in November). REALTORS® continued to report about the difficulty of home buyers in accessing credit and...

The First-Time Buyer: Characteristics

The first-time buyer has some characteristics different from the market as a whole.  Based on data from the January to June 2013 REALTORS® Confidence Index surveys, 91percent of first-time buyers purchased their home using a mortgage.  The median FICO...