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Home Buyers in 2013 {Infographic}

Posted by Susanna Haynie on April 23, 2014
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Home buyer statistics 2013

Statistics provided by National Association of Realtors®

The National Association of Realtors® recently published the results of their 2012/2013 Home Buyer and Seller Survey – The results are interesting and indicate a strong sellers market along with a recovering economy. Our hopes are high for this recovery and the future of Real Estate. Investing in Real Estate is still a smart move and proves to have a high return in the long run, either by increased home values or as a passive income stream.

2013 Home Buyer by Numbers:

  • 38% of home buyers were first-time buyers – still not reaching the average of 40%
  • 14% of buyers purchased a multi-generational home – which is an increasing trend due to children staying in the home longer or taking care of aging parents. We are prepared to see more of this trend.
  • While the average age of a home buyer in 2013 42-years-old, the average first-time buyer was 31 and the average repeat buyer 52.
  • The gross household income increased from $72,200 in 2010 to an improved $83,300 in 2013 – hopefully a trend that will support a continued economic growth
  • Since 2010 through 2013, home purchases of married couples have steadily increased by nearly 8% from 58% to 66% – the highest since 2001.
  • 40% of all home buyers had children in the home, an increase of 4% over 2012 and a total increase of 5% from 2010.

 Characteristics of the Average Home That Sold in 2013:

  •  1,900 square feet in size
  • Built in 1992
  • With 3 bedrooms and 2 bathrooms

If you have a home to sell, listing it now is the right choice: Interest rates are still down (anywhere between 3.5 and 4.5 depending on loan and credit score)

Please call/text me for a listing consultation: 719-321-0800 or Contact Us