Friday, August 16, 2019 / by Lauren McGinnis
Based on a recent survey by the National Association of Realtors the largest group of first time homebuyers is people aged 25 - 36 (Older Millennials) right now in the us. With the median age being 32 years old. More and more "older millennials" are realizing that their dream of homeownership is actually within their reach right now!
So much so that of the population of new homeowners almost 90% of first time buyers fit into the "older millennials" grouping.
That 90% group can be broken down into these smaller groups:
- 54% are married couples purchasing a home for the first time
- 18% are single females
- 10% are single males
- 16% are couples who are not married but living together