2010 Profile of Home Buyers and Sellers: Buyer Profiles

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Profiles of Home Buyers November 5, 2010 NAR Research Contact: Sophia Stuart, Marketing Associate: [email protected] Jessica Lautz, Research Economist: [email protected]

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View how the single female homebuyer differs from the single male homebuyer and repeat buyers differ from first-time buyers in this detailed PowerPoint broken down by 9 buyer profiles. The data comes from the newly released 2010 Profile of Home Buyers and Sellers.

Transcript of 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Page 1: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Profiles of Home Buyers

November 5, 2010NAR Research

Contact:Sophia Stuart, Marketing Associate: [email protected] Lautz, Research Economist: [email protected]

Page 2: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Introduction Survey conducted with recent home buyers

who purchased a home between July 2009– June 2010

Seller information gathered from those home buyers who sold a home

Mailed 111,004 questionnaires- response rate of 7.9%

Names obtained from Experian Data in the presentation is based on medians

or the typical buyer in the category and is not all encompassing

Page 3: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Married with Kids

Median Square Feet

MedianHousehold

Income$87,000

Median Square Feet

2200

MedianAge36

Page 4: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Single FemaleMedian

Household Income$50,600

MedianAge41

Median Square Feet

1450

Page 5: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Single Male

MedianAge41

MedianHousehold

Income$54,900

Median Square Feet

1500

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Unmarried CoupleMedian

Household Income$69,700

MedianAge30

Median Square Feet

1600

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First-time BuyersMedian

Household Income$59,900

MedianAge30

Median Square Feet

1540

Page 8: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Repeat BuyersMedian

Household Income$87,000

MedianAge49

Median Square Feet

2000

Page 9: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Buyers aged 18 to 24Median

Household Income$46,000

MedianAge24

Median Square Feet

1400

Page 10: 2010 Profile of Home Buyers and Sellers: Buyer Profiles

Buyers aged 65 and olderMedian

Household Income$62,400

MedianAge70

Median Square Feet

1756

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Buyers who Purchased Senior Housing or in an Active Adult Community

MedianHousehold

Income$61,200

MedianAge57

Median Square Feet

1400