Profile of A 1st Time Home Buyer!

Curious About Who's Buying?

It might be easy to imagine that no one is buying a home with prices the way they are. Unfortunately, the truth is far from that. Transactions are still opening and closing on a daily basis all across Los Angeles County.

Waiting for a drop in prices might sound like a good idea, but the problem is that people have been waiting YEARS for the same result. When prices do drop (which there's no guarantee or even estimate for), you'll find the market flooded with buyers and competition at an all-time high, which will just drive prices back up as supply for the demand dwindles. The cycle has been established, but fear not. First Time Home Buyer programs exist to help customers like you purchase even at prices like these nowadays! If you're not ready right now, the best thing to do is stay in the loop, do your research, and ask your local realtor questions (that's me!)!

With that being said, take a look at this Infographic from the National Association of Realtors going over the Average Statistics of First Time Buyers!

If you've stayed this far, then take another statistic that might interest you; the Average Income per Individual for First Time Buyer's is $125,000.