Singles Are Falling For Their Dream Home First!

 

Some Highlights:

  • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
  • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
  • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
What Is Going on with Mortgage Rates?

What Is Going on with Mortgage Rates?

Based on current market data, experts think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year.

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