This document is Brian Buffini's Real Estate Report, which provides facts and information about the current state of the American housing market. It discusses topics like mortgage statistics, home prices, profiles of typical buyers and sellers, and insights into how millennials and internet are influencing real estate. The report aims to help readers understand current market conditions and determine if it's a good time to buy or sell.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
30-year fixed-rate mortgages have matched a record low of 3.91% after signs of improvement in the housing and manufacturing industries. Federal Reserve Chairman Bernanke called for a government program to rent foreclosed homes to help recover losses, with an estimated two-fifths of Fannie Mae's inventory having rental rates over 8%. A HAR member received threatening calls from a man offering to help with a nonexistent tire problem while her magnetic sign was visible, prompting a safety warning.
The document provides advice for homeowners considering selling their house. It discusses:
1. Five reasons to sell a house now in the spring, including strong buyer demand, less competition from other listings, a quicker selling process, better prices for moving up to a larger home, and being able to move on with your life.
2. The importance of using a real estate agent when selling, as most buyers still use agents despite conducting internet research, and agents help negotiate the sale.
3. Five demands to make of a real estate listing agent, such as being honest about the listing price, understanding the homeowner's timeline, removing challenges from the sale, helping with relocation, and ensuring the house sells.
Buoyed by stronger economy, California housing market accelerates in March as...weakhamper1200
California's housing market continued to strengthen in March, with both home sales and prices increasing from the previous month and year. Existing home sales rose 6.3% annually to 391,680 units. The median home price jumped 9.2% from February to $468,550, the highest in seven months. Inventory remained tight, with months of supply falling to 3.8 from 5 months in February. Stronger economic conditions and job growth are contributing to the accelerating housing market.
The document discusses reasons to sell a home in the summer of 2018. It notes that:
1) Buyer demand remains strong while housing inventory is still low, giving sellers an advantage.
2) Inventory levels may rise as more homeowners gain equity and free to move. Sellers should act before this additional competition.
3) The home selling process is quicker now as buyers are pre-approved for loans, shortening the closing period.
Annie Williams: Real Estate Report July/Aug 2013Jon Weaver
- The San Francisco housing market saw a slight dip in June, with the median home price falling below $1 million to $960,000, though prices are still up 7% from the previous peak in June 2007. Mortgage rates have also been rising.
- Condo sales were down 28.8% from May, with the median price at $780,000, up 9.5% from the previous year.
- Foreclosure activity remains very low, with no default notices filed in May and only 4 notice of sales, continuing the trend of improving foreclosure numbers in the city.
The document is a social media campaign plan created by Court St. Communications for their client The Pigskin Bar and Grille. It includes a social media audit of The Pigskin's current presence, a research and analytics report analyzing their mentions and engagement, and recommendations for goals, strategies, and content. The audit found The Pigskin had basic presences on Facebook, Twitter, and Instagram but no clear strategy or policies. Engagement was highest around special events. The report provided insights on mentioning topics like discounts and timing posts around major weekends. A survey of 55 OU students found most use and check social media in the evenings and follow a range of Court Street bars, with The Pigskin in the middle.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
30-year fixed-rate mortgages have matched a record low of 3.91% after signs of improvement in the housing and manufacturing industries. Federal Reserve Chairman Bernanke called for a government program to rent foreclosed homes to help recover losses, with an estimated two-fifths of Fannie Mae's inventory having rental rates over 8%. A HAR member received threatening calls from a man offering to help with a nonexistent tire problem while her magnetic sign was visible, prompting a safety warning.
The document provides advice for homeowners considering selling their house. It discusses:
1. Five reasons to sell a house now in the spring, including strong buyer demand, less competition from other listings, a quicker selling process, better prices for moving up to a larger home, and being able to move on with your life.
2. The importance of using a real estate agent when selling, as most buyers still use agents despite conducting internet research, and agents help negotiate the sale.
3. Five demands to make of a real estate listing agent, such as being honest about the listing price, understanding the homeowner's timeline, removing challenges from the sale, helping with relocation, and ensuring the house sells.
Buoyed by stronger economy, California housing market accelerates in March as...weakhamper1200
California's housing market continued to strengthen in March, with both home sales and prices increasing from the previous month and year. Existing home sales rose 6.3% annually to 391,680 units. The median home price jumped 9.2% from February to $468,550, the highest in seven months. Inventory remained tight, with months of supply falling to 3.8 from 5 months in February. Stronger economic conditions and job growth are contributing to the accelerating housing market.
The document discusses reasons to sell a home in the summer of 2018. It notes that:
1) Buyer demand remains strong while housing inventory is still low, giving sellers an advantage.
2) Inventory levels may rise as more homeowners gain equity and free to move. Sellers should act before this additional competition.
3) The home selling process is quicker now as buyers are pre-approved for loans, shortening the closing period.
Annie Williams: Real Estate Report July/Aug 2013Jon Weaver
- The San Francisco housing market saw a slight dip in June, with the median home price falling below $1 million to $960,000, though prices are still up 7% from the previous peak in June 2007. Mortgage rates have also been rising.
- Condo sales were down 28.8% from May, with the median price at $780,000, up 9.5% from the previous year.
- Foreclosure activity remains very low, with no default notices filed in May and only 4 notice of sales, continuing the trend of improving foreclosure numbers in the city.
The document is a social media campaign plan created by Court St. Communications for their client The Pigskin Bar and Grille. It includes a social media audit of The Pigskin's current presence, a research and analytics report analyzing their mentions and engagement, and recommendations for goals, strategies, and content. The audit found The Pigskin had basic presences on Facebook, Twitter, and Instagram but no clear strategy or policies. Engagement was highest around special events. The report provided insights on mentioning topics like discounts and timing posts around major weekends. A survey of 55 OU students found most use and check social media in the evenings and follow a range of Court Street bars, with The Pigskin in the middle.
2015 1st Quarter Stats - Brian Buffini Real Estate ReportMelissa Day
Provides information about: industry facts, mortgage statistics, distressed property stats, today's buyer, first time buyers, seller trends, consumer confidence report, buyers and the internet, today's real estate professional and why Melissa Day works by referral.
This document provides information and advice for homeowners considering selling their house. It outlines 5 reasons why homeowners should sell now, such as strong demand and less competition from other houses on the market. It also discusses why homeowners should hire a real estate agent instead of selling their house as a for-sale-by-owner. Additional sections explore projections for future house prices, mortgage interest rates, questions to consider before renting a house instead of selling it, and negotiations that for-sale-by-owners must be prepared for. The document aims to help homeowners make an informed decision about selling their house.
This document provides an overview of key considerations for homeowners looking to sell their house. It discusses reasons why now may be a good time to sell, such as strong demand, less competition from other listings, and the benefits of locking in a low mortgage rate. It also notes that using a real estate agent is typically recommended even by CEOs of for-sale-by-owner websites when selling their own homes. The document then looks at projections for future home price appreciation and rising mortgage interest rates. It outlines factors for homeowners to consider if deciding to rent their home rather than sell, and stresses the importance of being prepared to negotiate for those attempting a for-sale-by-owner sale.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This document provides information to help homeowners considering selling their house. It discusses 5 reasons to sell a house now while demand is strong. It also discusses how to get the most money from a home sale by pricing it slightly low and using a real estate agent. The document provides tips on moving up to your dream home before mortgage rates increase further. It emphasizes the importance of using a real estate agent and lists 5 demands homeowners should make of their agent. It also shares data on recent home price increases and how that impacts home appraisals. The document discusses why most homeowners are better off not selling their house as a for sale by owner (FSBO) and instead using an agent.
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
This document provides advice and information for homeowners considering selling their house. It discusses reasons why the fall season is a good time to sell, including strong buyer demand, less competition from other listings coming onto the market, and the benefits of starting the selling process sooner rather than later. It also emphasizes the importance of using a real estate agent to sell your home and maximize the selling price.
Are you considering buying a home? This Home Buyer Guide covers useful information for people buying a home. Should you have any questions, please reach out to me at www.ThePeak.com
This document provides information and advice for homebuyers in the spring of 2021. It discusses the current housing market conditions, including low mortgage rates, high buyer demand and low housing inventory, which is driving home price appreciation. It notes that while home prices are rising, the cost of homeownership is still lower than renting for many due to low interest rates. The document provides tips for making a successful home purchase in the current competitive market environment and reasons why buying a home remains a sound financial decision.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also emphasizes pricing the home slightly below market value to encourage bidding wars and hiring a real estate agent to get the best price. The document notes that inventory remains low while buyer demand is strong, making it a good time to sell. It also highlights the importance of leveraging rising home prices and low interest rates to move up to your dream home before prices increase further.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also outlines reasons why homeowners should use a real estate agent to sell their home and get the best price, as well as tips for pricing a home correctly. The document includes statistics on home price appreciation in different areas and forecasts for future home price trends. Overall, the document encourages homeowners to take advantage of the current housing market conditions to sell their home and move on to their desired housing situation.
This document provides information and advice for homeowners considering selling their home. It discusses 5 reasons to sell a home now, including strong buyer demand, less competition from other sellers, a quicker home selling process in the winter, benefits of moving up to a larger home before prices increase further, and the importance of moving on with one's life goals. It also provides tips on how to get the most money from a home sale, such as pricing the home slightly below market value and using a real estate professional. Additionally, it covers recent data on rising home prices nationally and by state, how appraisal challenges may increase in a hot housing market, and reasons why selling a home as a for sale by owner (FSBO) is typically not
This document provides information to homeowners considering selling their home. It discusses the benefits of selling in the summer, including strong buyer demand, less competition from other listings, and a quicker selling process. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. There is currently a lack of home inventory that may slow down the housing market recovery due to limited options for buyers.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why winter is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers topics like housing market trends, the impact of low inventory, tips for getting the best price when selling, and factors to consider like interest rates and home affordability. The overall message is that current market conditions favor sellers, so homeowners should take advantage and list their home if they are ready to move.
This document provides tips and information for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also outlines expert predictions that the housing market will continue strengthening in the second half of 2019. The document advises homeowners that now is a perfect time to sell due to low inventory, high buyer demand, and the potential for price appreciation. It argues that hiring a real estate professional provides advantages over selling a home as a for-sale-by-owner.
This document provides information and advice for homeowners considering selling their home. It discusses the benefits of selling in the summer months when buyer demand is strong. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. A lack of housing inventory is noted as a potential risk to slowing down the current pace of the housing market. Home prices nationally and across most states are up year-over-year.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
The best way to prepare for the contract phase of the transaction as a buyer is to review a blank copy of the purchase contract. Reading the contract prior to making an offer will make you much more comfortable during the negotiation phase.
The document provides information about submitting open public records requests to the City of Clifton, New Jersey. It outlines:
1. That all government records are subject to public access unless exempt and how to properly submit a request in writing.
2. The process for responding to requests and potential fees, including deposits that may be required.
3. Circumstances where access to records can be denied, such as for requestors convicted of crimes.
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2015 1st Quarter Stats - Brian Buffini Real Estate ReportMelissa Day
Provides information about: industry facts, mortgage statistics, distressed property stats, today's buyer, first time buyers, seller trends, consumer confidence report, buyers and the internet, today's real estate professional and why Melissa Day works by referral.
This document provides information and advice for homeowners considering selling their house. It outlines 5 reasons why homeowners should sell now, such as strong demand and less competition from other houses on the market. It also discusses why homeowners should hire a real estate agent instead of selling their house as a for-sale-by-owner. Additional sections explore projections for future house prices, mortgage interest rates, questions to consider before renting a house instead of selling it, and negotiations that for-sale-by-owners must be prepared for. The document aims to help homeowners make an informed decision about selling their house.
This document provides an overview of key considerations for homeowners looking to sell their house. It discusses reasons why now may be a good time to sell, such as strong demand, less competition from other listings, and the benefits of locking in a low mortgage rate. It also notes that using a real estate agent is typically recommended even by CEOs of for-sale-by-owner websites when selling their own homes. The document then looks at projections for future home price appreciation and rising mortgage interest rates. It outlines factors for homeowners to consider if deciding to rent their home rather than sell, and stresses the importance of being prepared to negotiate for those attempting a for-sale-by-owner sale.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This document provides information to help homeowners considering selling their house. It discusses 5 reasons to sell a house now while demand is strong. It also discusses how to get the most money from a home sale by pricing it slightly low and using a real estate agent. The document provides tips on moving up to your dream home before mortgage rates increase further. It emphasizes the importance of using a real estate agent and lists 5 demands homeowners should make of their agent. It also shares data on recent home price increases and how that impacts home appraisals. The document discusses why most homeowners are better off not selling their house as a for sale by owner (FSBO) and instead using an agent.
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
This document provides advice and information for homeowners considering selling their house. It discusses reasons why the fall season is a good time to sell, including strong buyer demand, less competition from other listings coming onto the market, and the benefits of starting the selling process sooner rather than later. It also emphasizes the importance of using a real estate agent to sell your home and maximize the selling price.
Are you considering buying a home? This Home Buyer Guide covers useful information for people buying a home. Should you have any questions, please reach out to me at www.ThePeak.com
This document provides information and advice for homebuyers in the spring of 2021. It discusses the current housing market conditions, including low mortgage rates, high buyer demand and low housing inventory, which is driving home price appreciation. It notes that while home prices are rising, the cost of homeownership is still lower than renting for many due to low interest rates. The document provides tips for making a successful home purchase in the current competitive market environment and reasons why buying a home remains a sound financial decision.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also emphasizes pricing the home slightly below market value to encourage bidding wars and hiring a real estate agent to get the best price. The document notes that inventory remains low while buyer demand is strong, making it a good time to sell. It also highlights the importance of leveraging rising home prices and low interest rates to move up to your dream home before prices increase further.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also outlines reasons why homeowners should use a real estate agent to sell their home and get the best price, as well as tips for pricing a home correctly. The document includes statistics on home price appreciation in different areas and forecasts for future home price trends. Overall, the document encourages homeowners to take advantage of the current housing market conditions to sell their home and move on to their desired housing situation.
This document provides information and advice for homeowners considering selling their home. It discusses 5 reasons to sell a home now, including strong buyer demand, less competition from other sellers, a quicker home selling process in the winter, benefits of moving up to a larger home before prices increase further, and the importance of moving on with one's life goals. It also provides tips on how to get the most money from a home sale, such as pricing the home slightly below market value and using a real estate professional. Additionally, it covers recent data on rising home prices nationally and by state, how appraisal challenges may increase in a hot housing market, and reasons why selling a home as a for sale by owner (FSBO) is typically not
This document provides information to homeowners considering selling their home. It discusses the benefits of selling in the summer, including strong buyer demand, less competition from other listings, and a quicker selling process. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. There is currently a lack of home inventory that may slow down the housing market recovery due to limited options for buyers.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why winter is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers topics like housing market trends, the impact of low inventory, tips for getting the best price when selling, and factors to consider like interest rates and home affordability. The overall message is that current market conditions favor sellers, so homeowners should take advantage and list their home if they are ready to move.
This document provides tips and information for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also outlines expert predictions that the housing market will continue strengthening in the second half of 2019. The document advises homeowners that now is a perfect time to sell due to low inventory, high buyer demand, and the potential for price appreciation. It argues that hiring a real estate professional provides advantages over selling a home as a for-sale-by-owner.
This document provides information and advice for homeowners considering selling their home. It discusses the benefits of selling in the summer months when buyer demand is strong. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. A lack of housing inventory is noted as a potential risk to slowing down the current pace of the housing market. Home prices nationally and across most states are up year-over-year.
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- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
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Brian Buffini Bi-Annual Real Estate Report
1. BRIAN BUFFINI’S
REAL ESTATE
REPORT1ST BIANNUAL 2017
US EDITION
What’s the current state of the American housing market?
Twice a year, we produce Brian Buffini’s Real Estate Report,
a guide that provides important facts and information about
the national real estate market to help you understand what’s
going on in the market and help you decide whether now is
a good time to buy or sell.
It’s a good life!
01 Industry Facts
02 Mortgage Stats
03 Price Information
04 Today’s Buyer
05 First-Time Homebuyer Facts
06 Today’s Seller
07 Millennials Real Estate
08 Buyers the Internet
09 Today’s Real Estate Professional
10 Why I Work by Referral
CONTENTS
2. 51% of Americans say their homes have
increased in value over the past year.
43% expect home values in their
neighborhood to increase in
the coming year.
SOURCES: NAR, U.S. CENSUS BUREAU, FANNIE MAE, FEDERAL RESERVE BOARD
44%of homes sold in September
were on the market for less
than a month.44+56+L
There is a 4.5 month supply of homes
at the current sales pace.
67%of Americans said that they
would buy if they were going
to move today.
60%of Americans say that now is a
good time to buy; 55% say
that it’s a good time to sell.
54% of Americans say that rents will
increase in the next 12 months;
34% say they’ll stay the same.
44%of Americans expect their personal
financial situation will get better in
the next 12 months; 39% expect it
to stay the same.
Northeast:
Existing home sales increased 5.7% to an
annual rate of 740,000.
Midwest:
Existing home sales increased 3.9% toan annual rate of 1.32 million.
South:
Existing home sales increased 0.9% toan annual rate of 2.16 million.
West:
Existing home sales increased 5.0% toan annual rate of 1.25 million.
EXIST ING HOME SALES BY REGION:
INDUSTRY FACTS
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Homes are selling 10 days faster than last year.
63.5%of Americans own a
home.
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US EDITION
3. 50% of Americans say that
mortgage rates will go
up in the next 12 months; 5% say
they’ll go down.
SOURCES: FANNIE MAE
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59% Conventional
24% FHA
12% VA
5% Other
AMONG FIRST-TIME BUYERS:
48% Conventional
33% FHA
10% Other
9% VA
3 TYPES OF LOANS BUYERS CHOSE:
AMONG REPEAT BUYERS:
65% Conventional
18% FHA
13% VA
4% Other
TOP 3 SOURCES OF DOWN PAYMENTS
1. Savings
2. Sale of a primary residence
3. Gift from family or friend
52% of Americans say that
it would be easy to get
a home mortgage; 46% say that it
would be difficult.
88% of buyers financed
their home purchase,
including 98% of buyers aged
18 to 44.
92% of borrowers chose a
fixed-rate mortgage.
43% of buyers said that the mortgage application
and approval process was not difficult or was
easier than expected.
MORTGAGE STATS
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90% of a home purchase
was typically financed
by a buyer.90+10+L
4. The median existing condo price was $222,100
in September, up 6.1% from September 2015.
SOURCES: NAR, FANNIE MAE
The median existing home price for single family
homes was $235,700 in September 2016, up
5.6% from September 2015.
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The exsiting home price has increased year after year
over the last 5 years.
The median existing home price for all housing types
in September 2016 was $234,200, up 5.6% from
September 2015.
41%of Americans say that home
prices will increase in the
next 12 months.
The average price of a new home was
$359,900 in November 2016.
PRICE INFORMATION
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MEDIAN EXISTING HOME PRICES BY REGION:
Northeast:
Median home
price increased
2.1% to $261,600
Midwest:
Median home
price increased
5.9% to $184,500
South:
Median home
price increased
6.6% to $204,000
West:
Median home
price increased
8.1% to $345,400
US EDITION
5. SOURCES: NAR
44 The age of a
typical buyer.
$88,500 The median household
income of a homebuyer.
Buyers purchased their homes for an average
of 98%of the asking price.
Buyers expect to live in their homes for 12 years.
Buyers searched for an average of 10 weeksand
viewed an average of 10 homes, unchanged
from last year.
For more than half of buyers, the most difficult step of the home buying process
was finding the right property.
TOP 5 FACTORS INFLUENCING
NEIGHBORHOOD CHOICE:
1. Quality of the neighborhood
2. Proximity to job
3. Overall affordability of homes
4. Proximity to friends/family
5. Quality of the school district
TODAY’S BUYER
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US EDITION
6. SOURCES: NAR, BANK OF AMERICA
44%of buyers in the Northeast
38% of buyers in the Midwest
31%of buyers in the South
32%of buyers in the West
35% of buyers
were first-time
buyers, including:
58% of first-time
buyers were
married
18%were single females
8%were single males
14%were unmarried couples
40%of first-time buyers
have children
under the age of
18 living at home.
32 The median age of
first-time homebuyers.
74%rented an
apartment or
house before
buying a home.
21%lived with parents,
relatives or friends.
For 67% of first-time
buyers, the desire to
own a home was the
primary reason they
purchased one.
First-time buyers
financed 94% of their
home purchase.
$72,000: The median
income of first-time
homebuyers.
69%of first-time buyers
want to save more
money now and
wait to move into
a nicer home in
the future.
76% of first-time
buyers are
inspired to buy for emotional
reasons, including wanting to
have a place of their own and
wanting to put roots down.
36%help moving in
25% deciding which home to buy
19%money for a down payment
15%help with mortgage payment
66% of millennial
first-time buyers
expect their parents to help with
their home purchase in one of the
following ways:
FIRST-TIME HOMEBUYER FACTS
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7. SOURCES: NAR
Sellers lived in their homes an average
of 10 years. This is up from last
year’s average of 9 years.
40%of sellers were
first-time sellers.
51%of sellers
offered
incentives to attract buyers,
including home warranty
policies and closing costs.
$100,700The median
income of a seller.
54 The median age of a seller. TOP 3 REASONS FOR SELLING:
1. Home is too small
2. Want to move closer to friends or family
3. Job relocation
Sellers sold their homes for an average of 98%
of the listing price.
22% of sellers reduced the initial asking
price at least once.
SELLERS UPGRADED
46% purchased a home that was larger in size
than the one they previously owned.
44% purchased a more expensive home.
56% purchased a newer home.
40+60+L Sellers report that their homes were
on the market a median of 4 weeks
before they sold.
34% say their homes were
listed for one to two weeks
before they sold.
TODAY’S SELLER
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US EDITION
8. SOURCES: NAR, RIS MEDIA, REALTOR MAGAZINE
26% of homebuyers are
between the ages
of 25 and 34, the largest share
of any age group.26+74+LAlthough millennials rely on a real estate professional to
help them purchase a home, they’re more likely to find
the home using the internet.
MILLENNIALS REAL ESTATE
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PLACES WHERE MILLENNIALS ARE
FUELING THE HOUSING MARKET
1. Watauga, TX
2. Pleasant Hill, CA
3. Northglenn, CO
4. Colorado Springs, CO
5. San Antonio, TX
6. Petaluma, CA
7. Melrose, MA
8. Crestwood, MO
9. Milwaukie, OR
10. North Park, CA
STATES WITH THE HIGHEST PERCENTAGE
OF MILLENNIALS LIVING AT HOME
1. New Jersey
2. Connecticut
3. New York
4. Florida
5. California
US EDITION
50% of millennials found their real estate
agent through a referral.
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9. Brian Buffini’s Real Estate Report PAGE 9
67% of buyers walked
through a home they
viewed online as a result of their
internet home search.
SOURCES: NAR
Top 3 Sources of Information
Used in Home Search
1. Online website
2. Real estate agent
3. Mobile or tablet website or application
51% found the home they
purchased through
the internet.
44% of all buyers searched online for
properties as the first step in their home
buying process.
67+33+L More first-time buyers are consulting the
internet as their first step in the home
buying process: 32% looked for properties
first, while 21% looked for information
about the home buying process.
BUYERS THE INTERNET
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US EDITION
10. The average agent has 10 years of experience.
SOURCE: NAR
Current Clients Past Clients Potential Clients
94% Email 70% Email 56% Email
91% Telephone 58% Telephone 50% Telephone
90% Text messaging 49% Text messaging 37% Postal mail
PREFERRED METHOD OF COMMUNICATION WITH:
WHAT DO BUYERS WANT MOST FROM THEIR AGENTS?
1. Help finding the right home to purchase
2. Help negotiating the terms of sale
3. Help with the price negotiations
4. Help determining the sales prices of comparable homes
5. Help with paperwork
WHAT DO SELLERS WANT MOST FROM THEIR AGENTS?
1. Effective marketing of their home to potential buyers
2. Sell the home within a specific time frame
3. Price the home competitively
4. Find a buyer for the home
5. Help seller to fix up their home to obtain a higher price
69+31+L 69% of agents have
a website.
11% of agents have a
real estate blog.
70% of agents use
social media
or a professional networking
website.
83% of agents are
“very certain”
they’ll be active in real estate
in the next two years.
Homebuyers and home sellers are working with real
estate professionals at higher rates than seen in the past.
TODAY’S REAL ESTATE PROFESSIONAL
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88% of homebuyers and 89% of sellers worked with real estate
professionals, percentages that have steadily increased since 2001.
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11. SOURCE: NAR
88% of buyers would
use their agent
again or refer them to others.
Studies show 82%of real estate sales are the result of agents’contact
with previous clients, referrals, friends and family.
WHY I WORK BY REFERRAL
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US EDITION