Top 7 Characteristics of First Time Home Buyers

April 30, 2008 by Chuck | 0 Comments

Here’s some information from Apartment Tool Kits if you’re in the Real Estate or mortgage brokering business.


Top 7 Characteristics of First Time Home Buyers
Survey According to Latest 2007 NAR Survey

  • Purchase almost 40 percent of all residential real estate.
  • They have been the leading edge of home sales since 1995.
  • 51% married; 25% are single females; 11% are unmarried couples.
  • Over 50 percent are between ages 25-34.
  • Household Income – 38% make between $45,000 – $75,000.
  • Race: 76% White/Caucasian – 10% African-American – 8% Hispanic – 6% Asian.
  • 75% first time homebuyers lived in an apartment prior to buying 1st home.

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