Thursday, July 31, 2014

First-Time Home Buyers are a Force

Did You Know:

First-time home buyers are 49 percent of all home buyers in South Carolina?  Our state's percentage peaked in 2009 at 56 percent (First-Time Home Buyer Tax Credit).  The lowest years were 2001-2003, at 30 percent. 

In comparison to other states, South Carolina has one of the lowest shares of first-time home buyers to all buyers.  The states with the lowest share have more non-urban areas while the states with the highest share are more urbanized.  Washington DC has the highest share of first-time home buyers at 68 percent.  The states with the lowest share of first-time home buyers are Montana and South Dakota at 46 percent.

Read more at FHFA.gov.

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