Overview

Discover what is holding back first timers and learn how to help them overcome their homebuying issues.

Infographic: The Anatomy of a First-Time Buyer

References

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.


First-Time Homebuyer Characteristics & Concerns

More First-Time Home Buyers Are Entering the Market (National Association of REALTORS® Economists’ Outlook, May 22, 2020)

First-Time Home Buyer Metro Affordability Report: Q1 2020 (NerdWallet, May 20, 2020)

Cooped Up, Unhappy: Young Professionals Target New Homes (REALTOR® Magazine, May 6, 2020)

First-Time Home Buying Reaches 20-Year High (National Mortgage News, Mar. 18, 2020) E

A Better Measure of First-Time Homebuyers [Part 1 of 5] (Liberty Street Economics, Apr. 8, 2019)

Who’s on First? Characteristics of First-Time Homebuyers [Part 2 of 5] (Liberty Street Economics, Apr. 10, 2019)

The Sustainability of First-Time Homeownership [Part 3 of 5] (Liberty Street Economics, Apr. 12, 2019)

Is the Recent Tax Reform Playing a Role in the Decline of Home Sales? [Part 4 of 5] (Liberty Street Economics, Apr. 15, 2019)

Here’s What You Need to Know About First-Time Homebuyers (HousingWire, Apr. 12, 2019)

Working With First-​Time Homebuyers

First-Time Home Buyer Metro Affordability Report: Q1 2020 (NerdWallet, May 20, 2020)

2020 Downpayment Expectations and Hurdles to Homeownership (National Association of REALTORS® Research Group, Apr. 2020)

How First-Time Homebuyer (FTHB) Loans Work (The Balance, Feb. 13, 2020)

The Ultimate Home-Buying Checklist: 12 Ways to Prepare to Buy a House (realtor.com®, Dec. 15, 2019)

This Map Shows What a First-Time Home Buyer Needs to Save for a Down Payment—In Every State (Money.com, May 10, 2019) E

5 Things Every First-Time Home Buyer Needs to Know (realtor.com®, Feb. 13, 2019)

Working With First-Time Home Buyers (Center for REALTOR® Development Podcast, Feb. 5, 2019)

The Everything Guide to Buying Your First Home (HouseLogic)

First-time Homebuyer’s Basics (realtor.com®)

eBooks & Other Resources

eBooks.realtor.org

The following eBooks and digital audiobooks are available to NAR members:

Buying a Home When You're Single (eBook)

The Complete Idiot's Guide to Buying a Home (Audiobook, eBook)

The Everything Homebuying Book (Kindle, Audiobook, eBook)

Home Buying for Dummies (Kindle, Audiobook, eBook)

Home Buying Without the BS! (eBook)

How to Buy Your First Home, 2E (eBook)

Next Generation Real Estate (Kindle, Audiobook, eBook)

The Real Estate Process (Kindle, Audiobook, eBook)

A Survival Guide for Buying a Home (Kindle, eBook)

The Unofficial Guide to Buying a Home (eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

Buying Solo (Chicago, IL: Penguin Group, 2005) HF 5438 Su6


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The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

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The Anatomy of a First-Time Buyer

Infographic
This infographic presents characteristics of today's typical first-time buyer: age, income, purchase price, down payment, student debt, and location.

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