CALL US TODAY: (870) 425-4300

First Comes Love...Then Comes Mortgage?

Peglar Real Estate Group | Home Buyers | February 14, 2017

Image title


According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2016, while single men accounted for 8% 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 homebuyers in 2016 by percentage of all buyers, income, and age:

Image title

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! Call us at 870-425-4300.


DOWNLOAD OUR FREE
REAL ESTATE GUIDE
Download Peglar Real Estate Guide
VISIT OUR
BLOG
CHECK OUT
OUR TIPS ON
REAL ESTATE
Read Peglar Real Estate Blog