What Are First Time Home Buyers Looking For in 2022?

Every year brings with it a surge of first-time homebuyers entering the market. However, the expectations those buyers have can change from year to year. So, what are first-time homebuyers in 2022 looking for? This year, most homebuyers are looking to spend under $350,000 on their new property. This is slightly below the national median, which sits at $353,900, based on information gathered by the National Association of Realtors (NAR). Even though the market is competitive, it seems that first-time homebuyers will continue to prioritize their wants and needs. Many of this year’s buyers are on the lookout for features like an attached garage, an updated kitchen, or a large backyard. To learn more about this year’s real estate market, contact us today.