The More You Know: Record Share of US Adults Plan to Buy Homes in 2023 Amid Lower Mortgage Interest Rates and Increased First-Time Buyers

Exciting news for the US housing market! ???? The retreat in mortgage interest rates during the first quarter of 2023 led to a record share of 18% of adults in the US having plans to buy a home within a year – the largest share since the inception of this series in 2018. Additionally, the lower interest rates encouraged more first-time homebuyers to enter the market, with 71% of all prospective buyers reporting this would be their first time buying a home. Check out this article to learn more about the latest trends in the US housing market. #housingmarket #mortgageinterestrates #firsttimehomebuyers #prospectivebuyers #realestate

April 24, 2023, Rose Quint