Saturday, March 14, 2009

Are you Average? Do You Fit the Mold of the "Average" Female Homebuyer?

According to the National Association of REALTORS® Profile of Home Buyers and Sellers, in 2008, 41% of homebuyers were first-time homebuyers!

The average age of a first-time homebuyer was 30.
The median income of a first-time homebuyer was $60,600.
The average purchase price was $165,000.
The median down payment was 4%.

Additionally, 20% of homebuyers in 2008 were single women, proving that there is no "correct order" to do things (i.e., get married and then buy a home!).

Where do you fit?