Buyers and Sellers in Subregions: Data from the 2014 Profile of Home Buyers and Sellers

Click here to load reader

  • date post

    05-Jul-2015
  • Category

    Real Estate

  • view

    464
  • download

    3

Embed Size (px)

description

Information from the 2014 Profile of Home Buyers and Sellers broken down into subregions in this easy-access presentation kit.

Transcript of Buyers and Sellers in Subregions: Data from the 2014 Profile of Home Buyers and Sellers

  • 1. November 7, 2014National Association of REALTORSResearch Division

2. Survey conducted with recent home buyers who purchased a home between July 2013 June 2014Seller information gathered from those home buyers who sold a homeMailed 72,206 questionnaires- response rate of 9.4%Names obtained from ExperianData in the presentation is based on medians or the typical buyer in the category and is not all encompassing2014 Profile of Home Buyers and Sellers 3. Household Composition of BuyersMarried, 64%Single female, 14%Single male, 7%Unmarried couple, 13%28%10%7%7%Desire to ownFamily changesAffordabilityLarger home%10%20%30%Reasons to Purchase HomeType of Home PurchasedSingle Family, 75%Townhouse, 5%Apt/ condo, 12%Other, 6%10% of buyers bought multi-generational home Reasons:Cost savings-24%Children over 18 moving back into house-24%Health/caretaking of aging parents-24%Spend more time w/aging parents-8%Fast Facts of Buyers:Median Age: 41Median Income: $100,00039% are first-time buyers92% are buyers of previously owned homes93% bought through an agent/brokerFast Facts of Sellers:Median Age: 5292% used an agent/broker to sell their homeNumber one reason to sell home: Home too small10% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 5Median percent of listing price received: 97%2014 Profile of Home Buyers and Sellers 4. Household Composition of BuyersMarried, 63%Single female, 14%Single male, 10%Unmarried couple, 12%Other, 2%24%10%9%9%Desire to ownLarger homeHome in better areaFamily changes%10%20%30%Reasons to Purchase HomeType of Home PurchasedSingle-family, 75%Townhouse, 10%Apt/ condo, 11%Other, 5%11% of buyers bought multi-generational home Reasons:Cost savings-28%Children over 18 moving back into house-24%Health/caretaking of aging parents-24%Spend more time w/aging parents-8%Fast Facts of Buyers:Median Age: 41Median Income: $81,90042% are first-time buyers92% are buyers of previously owned homes89% bought through an agent/brokerFast Facts of Sellers:Median Age: 5287% used an agent/broker to sell their homeNumber one reason to sell home: Family changes10% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 6Median percent of listing price received: 96%2014 Profile of Home Buyers and Sellers 5. Household Composition of BuyersMarried, 61%Single female, 21%Single male, 9%Unmarried couple, 9%Other, 1%Type of Home PurchasedSingle-family, 79%Townhouse, 4%Apt/ condo, 10%Other, 7%29%6%6%6%Desire to ownLarger homeFamily changesHome in better area%10%20%30%40%Reasons to Purchase Home10% of buyers bought multi-generational home Reasons:Cost savings-28%Children over 18 moving back into house-25%Health/caretaking of aging parents-21%Spend more time w/aging parents-10%Fast Facts of Buyers:Median Age: 39Median Income: $78,20036% are first-time buyers92% are buyers of previously owned homes90% bought through an agent/brokerFast Facts of Sellers:Median Age: 5288% used an agent/broker to sell their homeNumber one reason to sell home: Home too small20% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 5Median percent of listing price received: 97%2014 Profile of Home Buyers and Sellers 6. Household Composition of BuyersMarried, 64%Single female, 16%Single male, 9%Unmarried couple, 10%Other, 1%Type of Home PurchasedSingle-family, 77%Townhouse, 7%Apt/ condo, 9%Other, 7%22%13%9%9%Desire to ownCloser to friends &familyJob relocationLarger home%5%10%15%20%25%Reasons to Purchase Home13% of buyers bought multi-generational home Reasons:Children over 18 moving back into house-25%Cost savings-23%Health/caretaking of aging parents-10%Spend more time w/aging parents-3%Fast Facts of Buyers:Median Age: 40Median Income: $76,70037% are first-time buyers90% are buyers of previously owned homes88% bought through an agent/brokerFast Facts of Sellers:Median Age: 5181% used an agent/broker to sell their homeNumber one reason to sell home: Job relocation8% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 4Median percent of listing price received: 97%2014 Profile of Home Buyers and Sellers 7. Type of Home PurchasedSingle-family, 76%Townhouse, 11%Apt/ condo, 7%Other, 6%Household Composition of BuyersMarried, 68%Single female, 17%Unmarried couple, 9%Single male, 6%Other, 1%20%8%7%7%Desire to ownFamily changesRetirementJob relocation0%5%10%15%20%25%Reasons to Purchase Home13% of buyers bought multi-generational home Reasons:Cost savings-26%Children over 18 moving back into house-19%Health/caretaking of aging parents-18%Spend more time w/aging parents-16%Fast Facts of Buyers:Median Age: 46Median Income: $85,00029% are first-time buyers80% are buyers of previously owned homes87% bought through an agent/brokerFast Facts of Sellers:Median Age: 5790% used an agent/broker to sell their homeNumber one reason to sell home: Move closer to friends & family20% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 5Median percent of listing price received: 97%2014 Profile of Home Buyers and Sellers 8. Type of Home PurchasedSingle-family, 84%Townhouse, 3%Apt/ condo, 5%Other, 8%Household Composition of BuyersMarried, 65%Single female, 20%Single male, 7%Unmarried couple, 5%Other, 4%25%18%8%7%Job relocationDesire to ownHome in better areaAffordability0%10%20%30%Reasons to Purchase Home17% of buyers bought multi-generational home Reasons:Children over 18 moving back into house-28%Cost savings-28%Health/caretaking of aging parents-12%Spend more time w/aging parents-3%Fast Facts of Buyers:Median Age: 46Median Income: $72,60032% are first-time buyers82% are buyers of previously owned homes88% bought through an agent/brokerFast Facts of Sellers:Median Age: 5490% used an agent/broker to sell their homeNumber one reason to sell home: Move closer to friends & family13% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 8Median percent of listing price received: 97%2014 Profile of Home Buyers and Sellers 9. Type of Home PurchasedSingle-family, 91%Townhouse, 3%Apt/ condo, 2%Other, 4%Household Composition of BuyersMarried, 70%Single female, 15%Single male, 9%Unmarried couple, 5%Other, 2%22%9%7%6%Desire to ownJob relocationFamily changesHome in betterarea0%10%20%30%Reasons to Purchase Home15% bought multi-generational home Reasons:Children over 18 moving back into house-22%Cost savings-19%Health/caretaking of aging parents-19%Spend more time w/aging parents-12%Fast Facts of Sellers:Median Age: 4987% used an agent/broker to sell their homeNumber one reason to sell home: Job relocation14% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 3Median percent of listing price received: 99%Fast Facts of Buyers:Median Age: 44Median Income: $90,90030% are first-time buyers75% are buyers of previously owned homes82% bought through an agent/broker2014 Profile of Home Buyers and Sellers 10. MountainType of Home PurchasedSingle-family, 79%Townhouse, 9%Apt/ condo, 7%Other, 5%Household Composition of BuyersMarried, 63%Single female, 16%Single male, 12%Unmarried couple, 7%Other, 3%19%10%7%7%Desire to ownJob relocationHome in better areaDesire for newly builthome0%10%20%Reasons to Purchase Home15% of buyers bought multi-generational home Reasons:Children over 18 moving back into house-22%Cost savings-19%Health/caretaking of aging parents-19%Spend more time w/aging parents-12%Fast Facts of Sellers:Median Age: 5689% used an agent /broker to sell their homeNumber one reason to sell home: Job relocation26% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 3Median percent of listing price received: 99%Fast Facts of Buyers:Median Age: 48Median Income: $78,90026% are first-time buyers83% are buyers of previously owned homes88% bought through an agent/broker2014 Profile of Home Buyers and Sellers 11. PacificType of Home PurchasedSingle-family, 72%Townhouse, 11%Apt/ condo, 10%Other, 6%Household Composition of BuyersMarried, 64%Single female, 13%Single male, 9%Unmarried couple, 11%Other, 3%26%13%11%6%Desire to ownHome in better areaFamily changesLarger home0%10%20%30%Reasons to Purchase Home16% bought multi-generational home Reasons:Health/caretaking of aging parents-26%Children over 18 moving back into house-25%Cost savings-22%Spend more time w/aging parents-6%Fast Facts of Sellers:Median Age: 5690% used an agent/broker to sell their homeNumber one reason to sell home: Home too small20% delayed or stalled their home sale because their home was worth less than their mortgageMedian number of weeks to sell home: 4Median percent of listing price received: 99%Fast Facts of Buyers:Median Age: 44Median Income: $96,50036% are first-time buyers85% are buyers of previously owned homes91% bought through an agent/broker2014 Profile of Home Buyers and Sellers