{"id":14978,"date":"2020-02-26T15:15:00","date_gmt":"2020-02-26T23:15:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=14978"},"modified":"2020-02-18T11:36:05","modified_gmt":"2020-02-18T19:36:05","slug":"first-time-homebuyer-demographics-behavioral-insights","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/","title":{"rendered":"First-Time Homebuyer Demographics &#038; Behavioral Insights"},"content":{"rendered":"<p style=\"text-align: justify;\">The declining rate of marriage in the US means that married couples no longer dominate the first time buyer landscape like they used to. Instead, many first time buyers are going it alone, while others are even partnering with friends in order to get a foot on the property ladder, according to new data from the National Association of Realtors.<br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=14979\" rel=\"attachment wp-att-14979\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14979\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married-288x159.png\" alt=\"\" width=\"605\" height=\"334\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married-288x159.png 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married.png 712w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/a><br \/>\nThe data shows that married couples made up 75% of all first time buyers in the 1980s, but that number has fallen to just 53% today.<\/p>\n<p style=\"text-align: justify;\">So who else is buying homes for the first time? Well, some 17% are said to be single females, and they hold the largest share after married couples.<\/p>\n<p style=\"text-align: justify;\">Interestingly, single females made up a 27% share in previous years, only for their share to drop.<\/p>\n<p style=\"text-align: justify;\">\u201cThis drop is likely due to housing affordability,\u201d Jessica Lautz, the NAR\u2019s vice president of demographics and behavioral insights, wrote in a blog post. \u201cIt is harder for a single-income individual to enter the competitive housing market the U.S. is facing today. Notably, while single men have traditionally had smaller shares of home buyers, the share of single men has now crept up to 10% of the first-time buyer market.\u201d<\/p>\n<p style=\"text-align: justify;\">There is also an increasing number of \u201cgalentines\u201d teaming up to buy a home together, Lautz said. Galentines refers to platonic friendships, for example roommate. They now make up 4% of all first-time buyers, up from 2% a year ago.<br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=14980\" rel=\"attachment wp-att-14980\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14980\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_valentines-1024x845-1-288x238.png\" alt=\"\" width=\"605\" height=\"500\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_valentines-1024x845-1-288x238.png 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_valentines-1024x845-1-768x634.png 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_valentines-1024x845-1.png 1024w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/a><br \/>\nLautz notes that \u201cgalentines\u201d and other unmarried couples tend to have a significant advantage over single buyers, due to having dual incomes.<\/p>\n<p style=\"text-align: justify;\">\u201cDual incomes allow them to navigate the housing market and perhaps allow them to purchase a home that is at a higher price point where they may face less competition in the buying market,\u201d Lautz said.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/fewer-first-time-buyers-are-married\/98757629\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fewer First-Time Buyers are Married<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The declining rate of marriage in the US means that married couples no longer dominate the first time buyer landscape like they used to. Instead, many first time buyers are &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14978","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First-Time Homebuyer Demographics &amp; Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"First-Time Homebuyer Demographics &amp; Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The declining rate of marriage in the US means that married couples no longer dominate the first time buyer landscape like they used to. Instead, many first time buyers are &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married.png\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"First-Time Homebuyer Demographics &#038; Behavioral Insights\",\"datePublished\":\"2020-02-26T23:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/\"},\"wordCount\":310,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2002_NAR_1_married-288x159.png\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/\",\"name\":\"First-Time Homebuyer Demographics & Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2002_NAR_1_married-288x159.png\",\"datePublished\":\"2020-02-26T23:15:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2002_NAR_1_married.png\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2002_NAR_1_married.png\",\"width\":712,\"height\":393},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2020\\\/02\\\/first-time-homebuyer-demographics-behavioral-insights\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"First-Time Homebuyer Demographics &#038; Behavioral Insights\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First-Time Homebuyer Demographics & Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/","twitter_card":"summary_large_image","twitter_title":"First-Time Homebuyer Demographics & Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The declining rate of marriage in the US means that married couples no longer dominate the first time buyer landscape like they used to. Instead, many first time buyers are &hellip; [read more]","twitter_image":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married.png","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"First-Time Homebuyer Demographics &#038; Behavioral Insights","datePublished":"2020-02-26T23:15:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/"},"wordCount":310,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married-288x159.png","articleSection":["Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/","url":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/","name":"First-Time Homebuyer Demographics & Behavioral Insights &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#primaryimage"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married-288x159.png","datePublished":"2020-02-26T23:15:00+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#primaryimage","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married.png","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2002_NAR_1_married.png","width":712,"height":393},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2020\/02\/first-time-homebuyer-demographics-behavioral-insights\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"First-Time Homebuyer Demographics &#038; Behavioral Insights"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/14978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=14978"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/14978\/revisions"}],"predecessor-version":[{"id":14982,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/14978\/revisions\/14982"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=14978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=14978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=14978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}