Statistics on First-Time Home Buyers

Cherrie &  Zach
Cherrie & Zach
Published on November 20, 2017
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Buying a home can seem like a daunting task for those who have never done it before. But it doesn’t have to be, especially with the right help! Most first-time home buyers purchase their first home before the age of 36, and mostly with funds just from their own savings account. Anyone, at any age, can be a homeowner if they have the self-control to put funds away for a down payment, and show that they can be a responsible borrower.

Obviously, money doesn’t just magically appear in your bank account; it can be difficult to put away enough money for a down payment, but it is possible! Many first-time home buyers find that they have to sacrifice spending money on things, such as clothes, cars, entertainment and other luxury items, until they have the funds to support their home purchase. While it may seem like a lot of work, the pay-off of owning a home is something people dream of for years. A place to call your own. Sacrificing for a period of time, controlling your spending and methodically putting away money each month can lead you down the path to home ownership in the next few years. For more details on first-time home buyers, check out one or both of these links! 

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Statistics on First-Time Home Buyers
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