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Profile Types of Home Buyers

Profile Types of Home Buyers. November 04, 2013 NAR Research. Introduction. Survey conducted with recent home buyers who purchased a home between July 2012– June 2013 Seller information gathered from those home buyers who sold a home

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Profile Types of Home Buyers

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  1. Profile Types of Home Buyers November 04, 2013 NAR Research

  2. Introduction • Survey conducted with recent home buyers who purchased a home between July 2012– June 2013 • Seller information gathered from those home buyers who sold a home • Mailed 148,011 questionnaires- response rate of 6.1% • Names obtained from Experian • Data in the presentation is based on medians or the typical buyer in the category and is not all encompassing

  3. Demographic Changes Since 2010

  4. Married with Kids Median Household Income $97,800 Median Square Feet 2,370 Median Age 37

  5. Median Household Income $52,200 Single Female Median Square Feet 1,500 Median Age 48

  6. Median Square Feet 1,600 Single Male Median Household Income $66,500 Median Age 46

  7. Median Household Income $82,100 Unmarried Couple Median Square Feet 1,700 Median Age 32

  8. First-time Buyers Median Household Income $67,400 Median Square Feet 1,670 Median Age 31

  9. Median Household Income $96,000 Repeat Buyers Median Age 52 Median Square Feet 2,060

  10. Buyers Who Purchased Multi-Generational Housing Median Household Income $85,800 Median Square Feet 2,150 Median Age 50 • Reasons for multi-generational home: • Children over 18 moving back into house-24% • Cost savings-24% • Health/caretaking of aging parents-20% • Spend more time w/aging parents-11%

  11. Buyers who Purchased Senior Housing or in an Active Adult Community Median Household Income $67,400 Median Square Feet 1,700 Median Age 64

  12. Buyers Who Found Commuting Costs Very Important Median Household Income $78,000 Median Square Feet 1,800 Median Age 38

  13. Buyers Who Downsized Their Home Median Household Income $83,700 Median Age 60 Median Square Feet 1,730

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