The National Association of Realtors recently released the 2018 Aspiring Home Buyers Profile. Of the non-homeowners surveyed, 46 percent were age 34 or younger, 57 percent earn less than $50,000 annually and 81 percent live in urban or suburban areas. Let's look at the mindset of these potential buyers:
According to the survey, 82 percent reported future homeownership goals, with 58 percent saying now is a good time to buy. So why aren't more first-time buyers coming to the table? Affordability.
While 51 percent of renters expect rent to increase this year, only 15 percent say that would motivate them to buy a home. Improved financial situations and significant lifestyle changes such as marriage or starting a family are…