Black households led first-time homebuyer market in 2024

by Richelle Hammiel

Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62 percent purchasing their first home, according to new data released by Zillow Thursday. This continues a growing trend, with Black first-time buyers making up 55 percent of the market in 2022 and 63 percent in 2023.

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