2014 -2015 Real estate fun facts

First Time Buyers:
32% of all buyers nationwide were first-time buyers
First-time buyers nationwide financed 94% of their home purchase.
75% nationwide rented an apartment or house before buying a home.

Age:
31 is the median age of first-time homebuyers.
54 is the median age of a seller.

Income:
$69,400: The median income of first-time homebuyers.
$104,100: The median income of a seller.

Search:
94% of millennials searched online compared to 84% of Baby Boomers.

Nationally:
43% of buyers in the Northeast
38% of buyers in the Midwest
30% of buyers in the South
26% of buyers in the West

Top 3 Reasons For Selling:
Home is too small
Job relocation
Move closer to friends or family

Type of Homes Bought:
42% of sellers bought a home larger than their current one.
47% purchased a more expensive home.
54% purchased a newer home.

Search Methods – Then and Now:
In 1964 40% of buyers read newspaper ads to find a home.
In 2014, 43% of buyers looked for properties online first.

Most Popular Search Terms
• FHA Loan
• Home grants
• Home loan/home loans
• Buying a home
• Home mortgage calculator
• Homebuyer assistance

www.CurtisKnightRealEstate.com

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Winter in New england