What makes up a first-time home buyer? The National Association of Realtors recently put together this handy infographic using data from their 2017 Profile of Home Buyers and Sellers. So, what do they look like?
- Age – 32 years old
- Household income – $75k
- Cost of home purchased – $190k
- Down payment amount – 5%
- Student loan debt – $29k
- Type and location – Single-family home in a suburban area