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First-Time Home Buyers in 2014

12/3/2014

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  • First time home owners made up 33% of national home sales in 2014.  This is slightly less than the historical norm of 40%. 
  •  The typical age of a first-time home buyer was 31.  
  • Typical first-time homes buyers financed 95% of their home.



Tightened credit standards is one reason why first-time home owners were less prevalent in 2014 than the historical norms.  The demographic make up of first-time home buyers indicates that they are more likely to be single and have a lower income than repeat buyers. 

First Time Home Buyers
 (Percent of all buyers)

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First-Time Home Buyers House Hold Make up

Primary Reason for Purchasing A Home

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Source:  2014 NAR Profile of Home Buyers and Seller
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  • Blog
  • Sell a Home
  • Find a Home
    • Buying Guide
    • New Listings
  • Contact
  • Lakewood Estates
    • Active Listings
    • Plats and Covenants
  • Kiva Program