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- The primary motivation to purchase a home varies between home buyers with an income below $175,000 and those with an income above $175,000.
- The primary reason among buyers with an income below $175,000 to purchase a home is the desire to own a home. A significant motivation for buyers with an income above $175,000 is the desire for a larger a home or a job-related relocation.
- The area purchased by households with an income below $175,000 and an income above $175,000 remained relatively the same. Over half of both income groups purchased their home in a suburb/subdivision. Eighteen percent of home buyers with an income below $175,000 purchased a home in an urban area, which was slightly higher than those with an income above $175,000.
- For more information on the Profile of Home Buyers and Sellers go to: http://realtors.org/research/research/home_buyers_sellers_maps
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