First-Time Home Buyers Gain Traction [infographic]

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FIRST-TIME HOME BUYERS GAIN TRACTION

After slipping for three straight years, the U.S. share of sales to first-time home buyers increased to 35% in 2016, the highest level since 2013.

Typical first-time buyer in 2016:

32 Median age of first-time buyers

1 in 3 First-time buyers used a Federal Housing Administration-backed mortgage to purchase a home

6% Average size of a down payment for a first-time buyer

1,650 Average square footage of a home for a first-time buyer

$72,000 Household income of typical first-time buyer

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