Today's Home Buyers - For Your Investment
13% - percent of homes today are purchased by multigenerational household. What is the biggest reasons for multigenerational to buy?
24% - Cost Savings
23% - Adult children moving back in.
18% - Care taking for aging parents
10% - Spending more time with aging parents
What Source Did The Market Use To Search Homes For Sale?
Top 6 search sources: .
1. Online Website
2. Real Estate Agent
3. Mobile website or application
4. Mobile search engine
5. Yard sign
6. Open House
First Time Home Buyers In Age Group
34 years old and younger = 68%
Between 35yrs old - 49yrs old = 29%
50yrs old - 59yrs old = 14%
60yrs old - 68yrs old = 7%
69yrs old - 89yrs old = 3%
Males Buying Homes More Than Females?
Doesn't look that way. 9% Single males buying a home versus 16% Single females buying a home.
Most Likely Place To Buy A Home?
16% Urban/Central City
20% Small Town
11% Rural Area
Down Payment Woe$ - Most Common Reasons buyers Had Trouble Saving For Downpayment:
- Credit Card Debt 50%
- Student Loans 46%
- Car Loans 38%
5 For Millennials - Most Important Factors Influencing Millennial Purchase Choice
1. Quality of Neighborhood
2. Convenient To Job
3. Overall Affordability
4. Convenient To Family/Friends
5. Quality of Schools