First Comes Love Then Comes Mortgage

Dated: 02/14/2017

Views: 139

First Comes Love… Then Comes Mortgage?

Home for Valentine


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 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2016, while single men accounted for 8% 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 2016 by percentage of all buyers, income, and age:

First Time Buyers Stats


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!

Latest Blog Posts

Buying Remains Cheaper Than Renting In Portland Metro

Buying Remains Cheaper Than Renting in Portland MetroBuying Remains Cheaper Than Renting in Portland MetroAugust 18th, 2018The latest Rent vs. Buy Report from Trulia shows that homeownership is

Read More

Is Housing Affordable

Is Housing Affordable in the Portland Metro Market?As home prices continue to rise due to a lack of inventory, many people are becoming more concerned about housing affordability. Taking a look at

Read More

New Listing 174 NE Chancellor Ct Hillsboro OR 97124

Coming Soon Listing in Hillsboro - MLS # 183986562 Masters, both with beautiful bathroom suites. Set-up for multi-generational. New flooring throughout, new paint. This is a gorgeous move-in

Read More

Portland Oregon Residential Real Estate Review June 2018

June Residential Highlights The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings

Read More