Are You A Typical First Time Home Buyer?

A recent survey by the NAR (National Association of Realtors) listed some facts about first time home buyers.  Check it out and see if you fit the profile.  The median age for a first time home buyer was 30 and their median income was $60,000.  The average price for first time home buyer homes was $165,000 and they planned to live in the house for 10 years.  As you probably know,  home values have been going down in most markets which is great news for first time home buyers. The median down payment doubled from the year before to 4% down as no down payment mortgages have pretty much dissappeared.  Follow this link for more cool first time home buyer stats

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