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[infographic] A snapshot of today’s first-time homebuyer

MGIC: 7 essential facts

The data is in for the newest profile of this year’s first-time homebuyer. MGIC pulled out these seven handy facts and created a shareable infographic to describe top traits of the homebuyer group.

The following facts come from the National Association of Realtors’ annual Profile of Home Buyers and Sellers survey.

Click to enlarge

first-time buyer

(Source: MGIC)

Digging further into the share of single-female homebuyers, this group increased their share in the market this year, hitting levels not seen since 2011.

“Despite having a much lower income ($55,300) than single male buyers ($69,600), female buyers made up over double the amount of men (7%),” NAR Chief Economist Lawrence Yun said.

“Single women for years have indicated a strong desire to own a home of their own, as well as an inclination to live closer to friends and family,” Yun said. “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.”

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