The National Association of Realtors released figures this week indicating that first time homebuyers made up 47% of all purchases in 2009. With the extensions to the homebuyer tax credit and still historically low mortgage rates, first time buyers took advantage of the benefits and raised the first time homebuyer share of home purchases 6%, from 41% in 2008.
Additional figures provided by the report indicated that single women made up 25% of all first time homebuyers, with men making up 12% of all buyers. Married couples made up 49% of first time buyer purchases and unmarried couples made up the remaining 12% of buyers.
The report also showed that single women made up 17% of the repeat homebuyer market, with single men making up 8%. Married couples made up 69% of all repeat buyers, and unmarried couples were the remaining 5%.
Another interesting fact the report showed was that the biggest growth in first time buyer rates was in the Western United States with a 10% increased, followed by the South and Midwest.
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