First Time Buyers
HOUSEHOLDS
in the U.S.* 2014-2017 *Urban Land Institute’s 2014
Emerging Trends in Real Estate
121M Current Households in the United States
3.7%
4.48M
Projected Growth over the Next 3 Years
Additional Households to be Formed
Are 4.2M First Time Buyers about to Buy?
% 10
4.2M
of all renters nationwide would like to buy within the next 12 months
first-time home sales, if all renters that wanted to buy actually did purchase a home in the next year
Zillow 3/2014
Percentage of Buyers by Generation
NAR 2014
Millennials: Associate Owning A Home with‌
Pulte Group 2014
Unemployment Rate: Millennials Ages 25-32 with a Bachelor’s Degree vs. U.S. Rate
Bureau of Labor Statistics & Pew Research
Median Annual Full Time Wage: Millennials Ages 25-32 with Bachelor’s Degree vs. U.S.Rate
Bureau of Labor Statistics & Pew Research
Homeowners Net Worth‌
OVER 30X
greater than renters
Federal Reserve
An American Family’s
Net Worth
Federal Reserve
Buying is CHEAPER than renting in ALL of the 100 largest metros by % an average of‌
38
Trulia 2/2014
The Increasing Cost of Renting Median Asking Rent 1988-2013
Census Bureau 2014