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Home Buyers and Sellers Profile: Buyers by Demographic Group
 

Home Buyers and Sellers Profile: Buyers by Demographic Group

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This presentation, from the National Association of Realtors®, looks at home buyers by several demographic characteristics—i.e., marital status, age, first-time or repeat buyer status. It should be ...

This presentation, from the National Association of Realtors®, looks at home buyers by several demographic characteristics—i.e., marital status, age, first-time or repeat buyer status. It should be noted that the data presented is based on medians, which represent the typical buyer in the category and therefore, is not all encompassing.

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  • great demographic report. There are many benefits of home ownership especially in 2012. Prices are almost rock bottom and an excellent time to build wealth with bank owned properties (REOs). In our book, REO BOOM we discuss a topic called Multiple Offer Monster (MOM) which goes into detail how buyers can get their offers accepted and what goes on behind the scenes with banks and brokers. We foresee another 10% drop in prices in heavy hit markets such as Miami & Vegas.
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    Home Buyers and Sellers Profile: Buyers by Demographic Group Home Buyers and Sellers Profile: Buyers by Demographic Group Presentation Transcript

    • Profiles of Home Buyers November 5, 2010 NAR Research Contact: Sophia Stuart, Marketing Associate: [email_address] Jessica Lautz, Research Economist: [email_address]
    • Introduction
      • Survey conducted with recent home buyers who purchased a home between July 2009– June 2010
      • Seller information gathered from those home buyers who sold a home
      • Mailed 111,004 questionnaires- response rate of 7.9%
      • Names obtained from Experian
      • Data in the presentation is based on medians or the typical buyer in the category and is not all encompassing
    • Married with Kids Median Square Feet Median Household Income $87,000 Median Square Feet 2200 Median Age 36
    • Single Female Median Household Income $50,600 Median Age 41 Median Square Feet 1450
    • Single Male Median Age 41 Median Household Income $54,900 Median Square Feet 1500
    • Unmarried Couple Median Household Income $69,700 Median Age 30 Median Square Feet 1600
    • First-time Buyers Median Household Income $59,900 Median Age 30 Median Square Feet 1540
    • Repeat Buyers Median Household Income $87,000 Median Age 49 Median Square Feet 2000
    • Buyers aged 18 to 24 Median Household Income $46,000 Median Age 24 Median Square Feet 1400
    • Buyers aged 65 and older Median Household Income $62,400 Median Age 70 Median Square Feet 1756
    • Buyers who Purchased Senior Housing or in an Active Adult Community Median Household Income $61,200 Median Age 57 Median Square Feet 1400