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First-time homebuyer sales rose to a share of 35 percent, the survey found; single women homebuyer sales rose to 17 percent. These factors were why more first-time buyers 67 percent said a desire to own a home of their own was the primary reason for their purchase 64 percent in ; 53 percent in With job growth holding steady and credit conditions becoming somewhat less stringent than in past years, the willingness and opportunity to buy is becoming more feasible for many single women.
Though the growth among new homeowners is encouraging, their overall share of the market is still subpar, according to Yun. The lack of affordable new and existing inventory, the outpacing of home prices to wages, and the difficulty in saving for a down payment is why the homeownership rate for to year-olds You ladies of Kettering currently hovering near its historical low.
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The second most popular source for first-timers was a gift from a friend or relative 24 percent; 27 percent inand for repeat buyers it was the sales proceeds from their previous residence.
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Overall, the typical home bought was built in and had three bedrooms and two womem. The share of buyers who purchased new home was at an all-time survey low of 14 percent.
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