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First Comes Love…Then Comes Mortgage? Couples Lead the Way in 2018

February 18, 2019

 

According to the National Association of REALTORS (NAR) most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time home-buyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.

 

However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers.

 

If you’re single, don’t be concerned! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.

 

Here is the breakdown of all first-time home-buyers in 2018 by percentage of all buyers, income, and age:

 

 

Bottom Line

 

You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!

 

 

 

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Drew Hendon, Realtor® CaDRE 02032739
Signature Real Estate Group | CaDRE 02071123
39381 Los Alamos Rd Ste D
Murrieta, CA 92563
email: Drew@KSADreamHomes.com
mobile: (760) 586-7683
Drew was great. He was very honest and professional. We never felt disconnected and were always able to get a hold of him for questions. He was always present with us and we felt like family. Highly recommended.
-Justin and Kaitee Rivera-

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CaDRE 02071123