If you need assistance, please call 631-543-2009

First Comes Love… Then Comes Mortgage? Couples Lead the Way

Saturday, February 16, 2019   /   by Jeff Mistretta

First Comes Love… Then Comes Mortgage? Couples Lead the Way

First Comes Love… Then Comes Mortgage? Couples Lead the Way


First Comes Love… Then Comes Mortgage? Couples Lead the Way | MyKCM



According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.


However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers.


If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.


Here is the breakdown of all first-time homebuyers in 2018 by percentage of all buyers, income, and age:


First Comes Love… Then Comes Mortgage? Couples Lead the Way | MyKCM


Bottom Line


You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!

Website header edited use.jpg

EXIT Realty Achieve
956 W. Jericho Turnpike
Smithtown, NY 11787
631-543-2009

Information Copyright 2019, Multiple Listing Service of Long Island, Inc. All Rights Reserved.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Multiple Listing Service of Long Island, Inc.