Real Texas Agents

NAR has recently released the 2009 Profile of Home Buyers and Sellers.  This annual report compiles the results of 9,138 surveys returned by buyers and sellers who sold or purchased a home between July 2008 and June 2009.  The complete report is available for purchase at www.realtor.org .  Here are some highlights:

• 47% of all buyers were first time buyers
• 62% of first time buyers reported that the primary reason for buying a home was the desire to be a homeowner, 35% of all buyers reported that as the number 1 reason.
• The median age of all buyers was 39, same as last year
• 83% of all first time buyers are under the age 44
• 62% of all buyers are under age 44
• 90% of all buyers used the internet to search.
• 84% of buyers reported the photos to be the most useful information
• The number one action taken after viewing a home online was to drive by or visit the home
• 36% of buyers found the home they purchased through an agent, 36% found the home they purchased online, less than 3%found the home they purchased in a print ad
• 77% of buyers purchased their home with an agent
• 85% of sellers sold their home with an agent
• 39% of the mortgages were FHA loans

Posted In Blog, Real Estate Tips & News

This entry was posted on Thursday, December 17th, 2009 at 5:11 pm and is filed under Blog, Real Estate Tips & News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.