first time buyers Archive

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...