Existing-Home Sales Jumped In June Thanks To First-Time Buyers

Existing-Home Sales Jumped In June Thanks To First-Time Buyers

Key Takeaways

The share of first-time buyers purchasing homes in June 2016 was the highest recorded since July 2012: 33 percent.

Total existing-home sales were up 1.1 percent in June, to a seasonally adjusted annual rate (SAAR) of 5.57 million.

There’s finally some good news on the first-time homebuyer front: The share of first-time buyers purchasing homes in June 2016 was the highest recorded since July 2012, according to the National Association of Realtors’ Existing-Home Sales report.

In June, 33 percent of all home buyers were first-time buyers. This is up from 30 percent in May 2016 and 30 percent in June 2016.

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