First Time Home Buyers: Who are they?
While homes seem to be selling at rocket speed all over the Carolinas, you may be wondering who is flooding the market. The answer? 38% of all buyers are actually first time home buyers.
The National Association of Realtors® recently released this information along with many other trends in their annual report-Home Buyer and Seller Generational Trends. The research basically shows a profile of buyers and sellers in the market. With such a large portion of buyers being first time buyers, you may be curious to know what a first time home buyer looks like.
According to the report, the average first time home buyer is 31 years old with an annual income of $67,400. A down payment for a first time home buyer usually comes from their savings (78%) or a gift from a relative (27%).
Whether you are a first time home buyer or have owned several homes, Wilson Realty Group wants to take you through every step of the buying process. Call us today!
For assistance with your real estate needs, contact Wilson Realty Group in Charlotte by phone: (704) 251-9741 or by email: Info@WilsonRealtyGroupNC.com