First-Time Homebuyer Market Report

May 2019


Genworth Mortgage Insurance has been helping first-time homebuyers become homeowners since 1981. The private mortgage insurance industry is the largest provider of private capital for first-time homebuyers, insuring 600,000 of these mortgages in 2017. We understand the first-time homebuyer segment, both the ones we serve and those served by others.

We started working on the First-Time Homebuyer Market Report in 2015. The question was both simple and important: how many homes are sold to first-time homebuyers in a given quarter? We then raised the bar higher still: by extending the quarterly series back to 1994, and reporting the latest data with a minimal lag. Our approach is different from others in that we rely on government reports and industry sources. We believe this is a breakthrough, one that will help the housing industry and policymakers gain insights into the first-time homebuyer market. This report is a testament to our commitment to the first-time homebuyer market.

-Tian Liu,  Chief Economist at Genworth Mortgage Insurance

View the May 2019 Report  

About the Author

Tian Liu Headshot

Tian Liu, Chief Economist, Genworth Mortgage Insurance
Tian Liu has served as Chief Economist for Genworth Mortgage Insurance Corporation since 2014. He is responsible for tracking and analysis of U.S. and regional economic conditions. He authors the company’s Weekly Economic Report and provides regular updates on housing and mortgage markets. Mr. Liu began covering the U.S. housing market in 2007. His commentary on the housing market has appeared in the Wall Street Journal, New York Times, CNBC, Washington Post, and other notable publications.