According to NAR's Profile of Home Buyers & Sellers, married people once more led the first-time home buyer statistics in 2017. According to NAR, 57% of all first time home buyers were married and unmarried couples made up 16% of all first-time buyers last year.
It is no wonder since having two incomes makes saving for the down payment and closing costs helps make purchasing a house easier. A lot of couples decide to buy a home instead of spending money on a wedding or the honeymoon.
While it appears that couples, either married or unmarried have an advantage, this does NOT mean that single people can't buy a home! In fact, the statistics show that many single people ARE buying homes.
18% of first-time buyers in 2017 were single women and 7% were single men. A recent report explained why many single women want to own a home: a sense of responsibility and commitment.
Here is the breakdown of all first-time home buyers in 2017 by percentage of all buyers, income, and age:
As you can see, there are lots of different types of people buying their first homes. Looking at the data, you can see there are people just like you buying a home.
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