First Comes Love Then Comes Mortgage Couples Lead The Way

Dated: February 14 2019

Views: 118

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

First Comes Love… Then Comes Mortgage? Couples Lead the Way | MyKCM

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 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 fret! 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 homebuyers in 2018 by percentage of all buyers, income, and age:

First Comes Love… Then Comes Mortgage? Couples Lead the Way | MyKCM

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!

Blog author image

Jennifer Dorn

Jennifer Dorn is an Associate Broker with Berkshire Hathaway HomeServices Select Realty (BHHS Select Realty) and served as the Managing Broker for both Realty World Select (RWS) and BHHS Select Realty....

Latest Blog Posts

The Path To Homeownership INFOGRAPHIC 12042020

The Path to Homeownership [INFOGRAPHIC]Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in

Read More

The Path To Homeownership INFOGRAPHIC

The Path to Homeownership [INFOGRAPHIC]Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in

Read More

A New Way To Shop For Homes In A Virtual World 12032020

A New Way to Shop for Homes in a Virtual WorldIn a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even

Read More

A New Way To Shop For Homes In A Virtual World

A New Way to Shop for Homes in a Virtual WorldIn a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even

Read More