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Who Is Buying Homes in the USA?

by Don Martin ~ July 31st, 2012

Bent Tree Real Estate

Just one of the exciting opportunities available now in Bent Tree

The National Association of Realtors has released its 2011 Profile of Buyers and Sellers and the statistics begin to paint a picture of just who is still in the market.   NAR researchers report the following Characteristics of Home Buyers

  • Thirty-seven percent of recent home buyers were first time buyers, a drop from 50 percent in 2010.
  • The typical buyer was 45-years-old, a jump from 39-years-old in 2010.
  • The 2010 median household income of buyers was $80,900.
  •  The median income was $62,400 among first-time buyers and $96,600 among repeat buyers.
  •  Sixty-four percent of recent home buyers were married couples—the highest share since 2001.
  •  Eighteen percent of recent home buyers were single females—the lowest share since 2004.
  •  For 27 percent of recent home buyers, the primary reason for the recent home purchase was a desire to own a home

We’ll post more results over the next few weeks.

See ya ’round the mountains,

Don


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