Share of Black first-time homebuyers falls to 3%
NAR released a report saying 88% of first-time homebuyers are white while 8% are Hispanic, 3% are Black and 2% are Asian.
NAR released a report saying 88% of first-time homebuyers are white while 8% are Hispanic, 3% are Black and 2% are Asian.
One projection for 2023 is an easier housing market for first-time buyers. Buyers will need higher incomes to meet the higher interest rates.