first time buyers Archive

How Commuting Costs Factor Into Home Buying

Either way you look at it, buyers know that commuting costs are high. Some buyers need to be closer to their job while others need to be closer to school districts. The National Association of REALTORS® released its 2016...
December 5, 2016

Buyers Aged 35-44 & 45-54 Years Capture Greater Share of First-Time Home Buyers

In 2016, first-time home buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent where it had remained for the previous three years, according to The National Association of...
November 28, 2016

Home Buyer and Seller Race and Ethnicity Trends

Since 1997, respondents of the Profile of Home Buyers and Sellers have had the option to choose as many or as few options for how they racially and ethnically identify themselves. Using this data, the ethnic and racial diversity...

Historical Low Time on Market to Sell a Home

Since 1987, NAR’s Profile of Home Buyers and Sellers has tracked the number of weeks on the market a home is listed. In 2014 and 2015, homes sold on the market at a median of four weeks. This is...
September 7, 2016

Attic, Garage, Or Basement. Oh My!

Buyers come from a variety of living arrangements before purchasing a home. Some rented the space they end up purchasing, others owned their previous residence, and others lived with parents or relatives before buying. Since 1989 the Profile of...