If you’re an avid reader of my blog, you know that I’m all about statistics. Did you know that over the past year the amount of first-time buyers have dropped significantly? In fact, 4 in 10 of all home sales over the past year made up the first time buyer population, which brings them to 37%. If you look at this statistic from a regional standpoint, the South and Midwest had the smallest amount of first-time buyers with 34% as compared to the Northeast with 43% and the Western Region of the U.S. coming in at 42%.
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