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Why Do Buyers Want to Own?

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  • Consistently among all buyers of nearly every age bracket, and every household composition – those with children and those without children, the primary reason for purchasing a home was the desire to own a home.
  • The most important reasons repeat buyers’ purchase a home is the desire for a larger home and a job-related relocation or move.
  • The home buyer tax credit ranked second among first-time buyers with 13 percent of first-time buyers citing this as their primary reason for purchasing a home, up from 6 percent in 2009.
  • For more detailed information and a downloadable PowerPoint presentation on the 2010 Profile of Home Buyers and Sellers, go here: http://realtors.org/research/research/home_buyers_sellers_maps
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