Thursday, April 18, 2024 | The Latest Buzz for the Appraisal Industry

First-time Buyers Account for 60 Percent of Purchases

By Brianna Gilpin

According to a new report, first-time homebuyers now make up 60 percent of all home purchases. On GSE loans, first-time buyers comprise 47 percent of loans, while on FHA loans, they account for 82 percent. The uptick is likely due to an improved economy, lower unemployment, rising income, and more new home construction

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