09/03/2025
Did you know:
* 78% of Homebuyers Bought Their Home Using a Mortgage
In 2023, the majority of buyers did not have funds to buy the property outright. 78% of transactions required a mortgage to make the purchase. 94% of those buyers were millennials aged 24-32 years old.
* In 2023, 50% of Home Purchases Are First-Time Buyers
First-time buyers accounted for 50% of home purchases in 2023, an increase from 45% in 2022. Among these first-time buyers, 49% were millennials aged 29–43. Gen Z adults aged 18–28 contributed over 27% of first-time home purchases.
Check in with me for more interesting facts about real estate and the trends.
