Concept information
Preferred term
first-time home buyer
Definition
- A first-time home buyer is someone who purchases his or her first house, duplex, condominium, town-home, or manufactured home and moves into it. For generations, Americans have believed that to buy that first house means that one has achieved the American Dream of homeownership. [Source: The Encyclopedia of Housing; First-Time Home Buyer]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/first-time_home_buyer
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