Who are first-time homebuyers, exactly, and what are they composed of?  Using data from the NAR’s annual Profile of Home Buyers and Sellers the folks over at MGIC put together some interesting facts & insights about first-time homebuyers.  Interestingly, 74% rented before buying and 67% said their primary reason for buying a home was out of a “desire to own our own home.” 

7 Essntial first-time homebuyer facts