First-Time Homebuyers Rule D.C. Housing Market

Of the homebuyers in the D.C. area using conventional or government-backed loans, more than two-thirds are first-time buyers, according to data from the Federal Housing Finance Agency.

Maryland also ranks high on the list.

According to the report, the places with the highest proportion of first-time homebuyers “are generally associated with high-cost metropolitan areas where job growth and worker mobility are likely to be higher,” UrbanTurf reported.

An increasing number of single people are buying homes, too, in D.C. and elsewhere. Almost one-third of all real estate purchases in 2013 were made by single homebuyers, according to the National Association of Realtors. Other research has shows single women are more likely to purchase a home than single men, with single women making up about 20 percent of homebuyers nationwide in recent years.

The most important factors for single homebuyers (male or female): square footage, the yard and proximity to work or school.