According to the National Association of Realtors, there was an increase in first-time buyers across many generations. Thirty-two percent of all home buyers made their first home purchase, up from 26% last year.
Younger millennials account for the largest generational group of first-time buyers, with their share growing year-over-year from 70% to 75%. Next are older millennials at 44%, with Gen X (ages 44-58) coming in third at 24%.
Regardless of your generation, reason, or financial situation, our local lenders are here to help get you home.
