Table 4. American Housing Survey First-Time Buyer Status, 1997-99
|
Characteristics
|
Repeat-buyer
households (%) |
First-time
buyer households (%) |
All households (%) |
|---|---|---|---|
|
Income relative to
area median
|
|||
|
<60%
|
19.9 | 22.9 | 21.1 |
|
60-80%
|
9.8 | 14.9 | 11.9 |
|
80-100%
|
9.3 | 12.5 | 10.6 |
|
100-120%
|
8.9 | 12.2 | 10.2 |
|
>120%
|
52.1 | 37.5 | 46.2 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Location
|
|||
|
Central
city
|
18.2 | 28.3 | 22.2 |
|
Suburb
|
58.4 | 51.6 | 55.6 |
|
Nonmetro
|
23.4 | 20.1 | 22.1 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Race
|
|||
|
White
|
86.1 | 68.7 | 79.1 |
|
Minority
|
13.9 | 31.3 | 20.9 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Age
|
|||
|
<35
|
22.6 | 55.3 | 35.7 |
|
35-49
|
42.3 | 32.8 | 38.5 |
|
50-64
|
23.6 | 9.4 | 17.9 |
|
>65
|
11.5 | 2.5 | 7.9 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Female-headed household
|
|||
|
Not
female-headed household
|
81.7 | 78.1 | 80.3 |
|
Female-headed
household
|
18.3 | 21.9 | 19.7 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Current market value
of unit
|
|||
|
<$75,000
|
24.3 | 36.5 | 29.2 |
|
$75,000-$100,000
|
12.1 | 17.5 | 14.3 |
|
$100,000-$150,000
|
20.7 | 22.1 | 21.2 |
|
$150,000-$200,000
|
16.0 | 12.4 | 14.6 |
|
>$200,000
|
27.0 | 11.3 | 20.7 |
|
Total
|
100.0 | 100.0 | 100.0 |
|
Loan-to-value ratio
|
|||
|
<80%
|
22.3 | 12.8 | 18.5 |
|
80-90%
|
9.5 | 10.2 | 9.8 |
|
90-95%
|
6.2 | 8.8 | 7.3 |
|
>95%
|
23.4 | 39.4 | 29.8 |
|
Total
|
61.5 | 71.2 | 65.4 |
Note: Repeat buyer households, n=8,484,403; first-time buyer households, n=5,652,113; all households, n=14,136,515.
Source: American Housing Survey, 1999