2 kinds of homebuyers are driving a surge in home sales

womanBy Melody Hahm | Yahoo Finance

New U.S. single-family home sales rose unexpectedly in September, and we’re specifically seeing a rebound from two kinds of buyers: first-timers and single women.

The number of first-time buyers increased to its highest level since 2013. The typical first-time homebuyer is in the early 30s and is more likely to buy in an urban environment, which is consistent with young professionals’ general aversion to suburbs, says Lawrence Yun, the chief economist of the National Association of Realtors (NAR).

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