Page 7 - InFocus Buyer's Guide - Spring 2018
P. 7

Is Your First Home


                            Within Your Grasp?



        For the longest time, many experts doubted whether millennials (ages 18-36) valued
        homeownership as a part of their American Dream.

        Looking at the latest statistics from the National Association of Realtors, we can see that
        ‘old millennials’ (ages 25-36) are dominating the first-time homebuyer category.


                                                            % of Buyers                     Median Age


                                                             All First-Time Homebuyers


                                                           100%                                   32







                                                                       Married Couples


                                                              57%                                 32







                                                                         Single Females



                                                              18%                                 35







                                                                     Unmarried Couples


                                                              16%                                 30







                                                                          Single Males


                                                                7%                                31






          2% of first-time homebuyers do not fit into the categories above and represent an “Other”
                               category. The median age of this group is 37 years old.


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