7 Essential First-Time Homebuyer Facts | 2016 Infographic

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32 is the median age

24% used a gift as source of down payment

74% rented before buying

21% lived with parents, relatives or friends before buying

67% say the primary reason for buying a home is “Desire to own our own home”.

35% of all homebuyers are buying their first home

Of all first-time homebuyers

  • 58% are married couples
  • 18% are single females
  • 14% are unmarried couples
  • 8% are single men

This info and graphic has been bought to you by MGIC.