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Infographic: Figuring Out First-Time Buyers

Real estate Web site Doorsteps has released an infographic that shows demographic and financial data on first-time home buyers, which includes data from the National Association of REALTORS®’ 2012 Profile of Home Buyers and Sellers. Among the key data points:

  • First-time home buyers are more willing to compromise on the house, but not on the neighborhood.
  • Most first-time home buyers cut out on luxury items (42 percent) and entertainment (35 percent) to save for a home.
  • The average age of the first-time home buyer is 31.

Click on the image below for the full-sized infographic.

Brian Summerfield

Brian Summerfield is Manager of Business Development and Outreach for NAR Commercial and Global Services. He can be reached at bsummerfield@realtors.org.

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Comments
  1. Louise foreman

    I just closed on a house. On the day of closing after my HUD sheet was already prepared, my agent said she needed to collect 195.00 for agency commission fee.
    I feel this was grossly inappropriate. Should I confront her about this? I was told no monies other than what was on HUD closing sheet should be collected.

  2. Now is the perfect time to buy if you are a first time home buyer, because of the low interest rates and fair prices.

  3. I hear Doorsteps was recently acquired by MOVE Inc. Smart move!

  4. Billy

    Louise Foreman and getting scammed by “your” agent:. Referrals are crucial to long-term success in real estate. Remind your ‘trusted agent’ of that when you ask for your $195 back.

  5. Ann

    Louis Foreman, yes you should confront that Agent, she should had told you that in advance, that is very unprofessional of her.

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