First Time Home Buyers

Arizona First-time home buyers are an important demographic for the Phoenix housing market. Historically speaking, they represent about 40 percent of buyers in any given year. 

Naturally, that means their wants and needs are important to anyone selling a home in AZ, including AZ builders. 

So what type of home are Phoenix first-time buyers looking for? Well, according to a recent presentation shown at the 2020 International Builders' Show, there are some features and amenities large majorities of first-time home shoppers say they'd like in a house.

For starters, 77 percent first time home buyers say they'd prefer to buy a single-family detached home, with nearly 60 percent saying they'd like it to be in the suburbs. An open floor plan, stainless steel appliances, and a laundry room on the first floor were among the other features that made the list.

But though you might expect the needs of AZ first-time buyers to be different from older house hunters, that isn't necessarily the case. In fact, there were some items on their wish list that are popular with all buyers in 2020. For example, younger buyers said they wanted more storage, energy-star windows, and hardwood floors, which are perennial must haves for buyers of all ages.