Number of Black first-time homebuyers falls to 3%
Real Trends
NOVEMBER 10, 2022
That’s a 19% increase in 11 years, as compared to the national growth rate of 7%. The NAR report also found that as a group, the share of first-time homebuyers dropped to a record low of 26% from 34% last year, and off the peak of 50% in 2010. ” The Hispanic population reached 62.5 million in 2021, up from 50.5
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