first time buyers Archive

First Time Homebuyers: 30 Percent of Existing Home Sales in March 2015

First-time homebuyers made up 30 percent of existing home sales in March 2015, at par with past months’ levels (29 percent in February 2015; 30 percent in March 2014) according to the March 2015 REALTORS® Confidence Index Survey. [1]...

REALTORS® Are Increasingly Optimistic About the Outlook in the Next 6 Months

REALTORS®  were increasingly more confident about the outlook for all property types in the next six months, according to the March 2015 REALTORS® Confidence Index Survey. For the second month in a row, the index rose above 50 for...

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...