Singles Are Falling for Their Dream Home First [INFOGRAPHIC]
Posted by Marjorie Dick Stuart on Friday, July 21st, 2017 at 5:17pm.
Some Highlights:
- According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
- The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
- The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
Bottom Line
In today’s market, full of bidding wars and tough competition, finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.
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