Every year, the National Association of Realtors® conducts a survey to determine the profile of home buyers and sellers across the country.
The 2018 profile is interesting because the majority of recent homebuyers (a whopping 63%!) are married couples!
The Majority of First-Time Buyers are Married Couples
It’s true! According to the NAR, 54% of first-time buyers in 2018 were married couples.
However, if you’re still single, there’s no need to worry. 18% of first-time home buyers in 2018 were single women, while 10% were single men. In addition, about 16% of these buyers were unmarried couples.
Homeownership is Within Your Grasp!
Even if you haven’t saved up an enormous down payment, you likely still have plenty of options for buying a home in the greater Raleigh area!
Many homes for sale in Raleigh, and the Greater Triangle area, qualify for loans that don’t require huge down payments. You may be able to use an FHA loan or a USDA loan to purchase a home in one of Raleigh’s orbiting cities—in communities like Angier, Fuquay-Varina, and Apex.
These loans are popular because they only require a down payment that’s 1 – 3% of the home’s overall price. And, if you’re in the military, you have even more options!
Let’s Buy Your Dream Home Together
If you’d like to explore your home-buying options in the greater Raleigh area, please give us a call at Linda Craft & Team REALTORS®. Whether you’re a first-time buyer or looking to invest in your fifth real estate property, we have the resources and expertise to assist.