Changing face of homebuyers

Homebuyers of today look different than those from 20 years ago. White Americans made up 66% of first-time homebuyers in 2017 — a 5% drop since 1997, according to Harvard's Joint Center for Housing Studies. Meanwhile, households identifying as Asian and other have jumped from 5% to 11% — the largest gain among all races. On the other hand, households identifying as black fell five percentage points during that time. The proportion of married buyers also dropped from 61% in 1997 to just over half.