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First TimeBuyers
HOUSEHOLDSin the U.S.*2014-2017
121MCurrent Households in the United States
3.7%Projected Growth over
the Next 3 Years
*Urban Land Institute’s 2014
Emerging Trends in Real Estate
4.48MAdditional Households to
be Formed
Are 4.2M First Time Buyers about to Buy?
Zillow 3/2014
of all renters nationwide would like to buy within the next 12 months10%
first-time home sales, if all renters that wanted to buy actually did purchase a home in the next year4.2M
NAR 2014
Percentage of Buyers by Generation
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
Federal Reserve
OVER 30X greaterthan renters
Homeowners Net Worth…
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
Census Bureau 2014
Median Asking Rent1988-2013