--- title: Rising Prices Didn't Stop Massachusetts First-time Homebuyers in 2015 description: Bucking the national trend, the number of Massachusetts first-time homebuyers increased to 41 percent of buyers overall in 2015. image: http://info.buyersbrokersonly.com/hubfs/images/couple-front-steps-1.jpg --- (978) 835-5906             [![Search Icon](https://info.buyersbrokersonly.com/hs-fs/hubfs/Search%20Icon.png?width=30&height=30&name=Search%20Icon.png)](https://info.buyersbrokersonly.com/search-results-page) [![Buyers Brokers Only, LLC – Real Estate Buyer Agents](https://info.buyersbrokersonly.com/hs-fs/hubfs/2023%20BBO%20Logo%20800x170.png?width=1600&height=340&name=2023%20BBO%20Logo%20800x170.png "Buyers Brokers Only, LLC – Real Estate Buyer Agents")](https://www.buyersbrokersonly.com/) # Massachusetts Home Buyer Guide ![smaller-dotted-line.png](https://cdn2.hubspot.net/hub/298849/file-263826832-jpg/true_gray_line_websites.jpg?width=1175&name=true_gray_line_websites.jpg "smaller-dotted-line.png") ## [Rising Prices Didn't Stop Massachusetts First-time Homebuyers in 2015](https://info.buyersbrokersonly.com/blog/rising-prices-didnt-stop-massachusetts-first-time-homebuyers-in-2015) Feb 10, 2016 6:52:55 AM Massachusetts first-time homebuyers didn't let increasing home prices and a lack of inventory deter their participation in the real estate market. Massachusetts first-time home buyers made up 41 percent of the total home-buying population in 2015, an increase from 39 percent in 2014, according to the [2015 Massachusetts Profile of Home Buyers & Sellers](https://info.buyersbrokersonly.com/hubfs/docs/2015_Profile_of_Home_Buyers_and_Sellers_Massachusetts_Report.pdf). ![Profile of Massachusetts first-time homebuyers](http://info.buyersbrokersonly.com/hs-fs/hubfs/images/couple-front-steps-1.jpg?width=450&name=couple-front-steps-1.jpg "Profile of Massachusetts first-time homebuyers")The same real estate market factors – high prices and low inventory – reduced the number of first-time homebuyers nationwide to 30 percent from 32 percent in 2014. Not since 1987 have only 30 percent of U.S. homebuyers been first-time buyers.   The National Association of Realtors conducted the survey on behalf of the Massachusetts Association of Realtors. The following are some other takeaways from the survey.  - The median household income of Massachusetts homebuyers (reported from 2014 household data) was $97,600 compared to the national median income of $86,100. - [Massachusetts first-time homebuyers](https://www.buyersbrokersonly.com/buying/first-time-home-buyer-programs) had a median income of $77,400 compared to $69,400 among first-time buyers nationwide. - Fifty-eight percent of buyers were married couples, 17 percent were single females, 8 percent were single males, and 16 percent were [unmarried couples](https://info.buyersbrokersonly.com/blog/bid/374646/How-Unmarried-Home-Buyers-Hold-Title-to-Real-Estate-in-Massachusetts).  - The median age of the first-time homebuyer was 32. Sixty-four percent of first-time homebuyers were between 25 and 34 years old, while 17 percent were 35-44 years. Only 3 percent were 18-24 years old. The median age of all Massachusetts homebuyers was 41 years old.  - One hundred percent of [first-time homebuyers surveyed financed their home purchase](https://info.buyersbrokersonly.com/blog/topic/mortgages-101) compared to 88 percent for repeat buyers. - Forty-seven percent of buyers felt that the [mortgage application process](https://info.buyersbrokersonly.com/blog/what-ma-home-buyers-need-to-known-about-lender-paid-mortgage-insurance) was either “much more difficult than expected” (18 percent) or “somewhat more difficult than expected” (29 percent). Thirty-three percent of buyers felt the mortgage application process was “not difficult/no more difficult than expected” and 21 percent felt it was “easier than expected.” - Ninety-one percent of Bay State residents consulted a real estate broker when buying a home. - At 36 percent, the primary reason Massachusetts residents purchased a home was the desire to own a home of their own. 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