Understanding the general direction of the current housing market conditions is of vital importance to both buyers and sellers. If you are looking to buy or sell a home in the New Haven CT area I want to be prepared to make sure that you are given the best selling or buying experience with expertise and knowledge to guide you along the way.
Marriage or Mortgage?….Which Comes First?
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time home buyer statistics in 2017 at 57% 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 16% of all first-time buyers last year.
If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s.
Here is the breakdown of all first-time home buyers in 2017 by percentage of all buyers, income, and age:
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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This information is brought to you courtesy of Jamie Dumaine-Russell at RE/MAX Alliance. I am happy to be your neighbor and friend in real estate serving New Haven, East Haven, Branford and the Greater New Haven area including Hamden, North Branford, North Haven, Guilford, Madison, Milford, West Haven, and Wallingford.
Please remember me for all of your real estate needs and give me a call at 917-705-5675.