first time buyers Archive

66 Percent of First-time Home Buyers Make a Low Down Payment

Based on information gathered from the REALTORS® Confidence Index Survey in the months of December 2014–February 2015, 66 percent of first-time homebuyers made a down payment of 0 to 6 percent. [1] Although this is a decline from the...

Home Buyer Characteristics by Age

The REALTORS® Confidence Index, based on approximately 3,000 random responses each month, provides insight on home buyer characteristics.  An analysis of buyers by age shows the differences between age groups. Sixty percent of buyers aged 34 and under previously...

How are first-time homebuyers becoming more diverse?

Using data from NAR’s 2006-2014 Profile of Home Buyers and Sellers, we can examine how the demographics of first-time homebuyers have changed over the last 9 years. What do these numbers show us about the diversity of buyers, and...

Which Buyers Live with Friends or Family Prior to Purchasing?

Looking at the data from NAR’s 2005-2014 Profile of Home Buyers and Sellers, first-time home buyers were more likely to live with parents, relatives or friends prior to purchasing a home than repeat buyers. For recent home buyers the...

REALTORS® Confidence Index Survey: November 2014 Survey Highlights

REALTORS® reported that their confidence in local real estate market conditions in November 2014 was broadly steady compared to October, although slightly down from a year ago. The REALTOR® Confidence Index-Current Conditions for the current single family home outlook...