Sales may have been down, but we’re taking a look at who had the good fortune to buy real estate across the U.S. last month.
According to new numbers out from the National Association of Realtors, first-time buyers were responsible for 30 percent of sales in June, up from 27 percent the month prior. Compared to June 2021, the share of first-time buyers was down just 1 percent this year.
All-cash sales accounted for 25 percent of transactions in June, the same share as in May and up from 23 percent in June 2021. Individual investors or second-home buyers, who make up many cash sales, purchased 16 percent of homes in June—unchanged from May and a slight increase from 14 percent in June 2021.
Distressed sales, including foreclosures and short sales, represented less than 1 percent of sales in June, essentially unchanged from May 2022 and June 2021.