First Home Buyers

US First-Time Home Buyers Report 2023

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Americans rushed to purchase their first homes during the pandemic, but the percentage of those planning to buy has dropped sharply since 2022, as interest rates began to rise.

Of the 3.7% of Americans who are planning to purchase their first home in the next year, most are young and not necessarily married. Many have healthy incomes but very little saved for a down payment.

Download the report to learn:

  • Who in the US is buying their first home in 2023? Where are the hot spots?
  • What’s motivating Americans to purchase a home now?
  • How much can first-time home buyers in 2023 afford to spend?
  • Which banks and mortgage lenders top their consideration set?