Positive trends for first-time home buyers

first time homebuyers

First-time buyers have had limited opportunities to purchase affordable housing over the past few years, but the inventory of resale properties has slowly been rising in recent months on a year-over-year basis, reports the National Association of Realtors® (NAR). Continued growth in the job market along with rising salaries will also help first-time buyers qualify for affordable home mortgages.

“Rising interest rates coupled with increasing home prices are keeping first-time buyers out of the market, but consistent job gains could allow more Americans to enter the market with a steady and measurable rise in inventory,” says NAR’s chief economist.

The median age of first-time buyers was 32 years old for the third straight year. Not surprisingly, the majority of these buyers were married couples (54 percent), followed by single females (18 percent). The median income was $75,000 and the median purchase price of the home was $203,700.

For the steps to purchasing or more information on buying your first home please call, email, or text me.

Five Star award Winner 2011-2019 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View an accurate list of ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s