Snapshot on Home Buyer in 2018 (Infographic)
For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction.
Highlights of Home Buyer in 2018
- First-time buyers made up 33 percent of all home buyers, a decrease from last year’s 34 percent
- Sixty-three percent of recent buyers were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples
- Twelve percent of home buyers purchased a multigenerational home, to take care of aging parents, because of children over the age of 18 moving back home, and for cost-saving
- Eighty-seven percent of buyers recently purchased their home through a real estate agent or broker
- Ninety percent of buyers would use their agent again or recommend their agent to others
- 29 percent, the primary reason for purchasing a home was the desire to own a home of their own
- Buyers of new homes made up 14 percent and buyers of previously owned homes made up 86 percent
- Detached single-family homes continued to be the most common home type for recent buyers at 82 percent, followed by eight percent of buyers choosing townhomes or row houses
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact us today for complimentary consultation.
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