- Among recent home buyers, 41 percent had children under 18 in the home. Eighteen percent of buyer households had one child, 16 percent had two children, and 7 percent had three or more children.
- Buyers who had children in the home are more likely than those without children to be purchasing a home because of the desire for a larger home, due to a job-related relocation, or a change in a family situation.
- Buyers who had children in the home had slightly different priorities than buyers without children. The quality of the school district and convenience to parks and recreational facilities were much more important to those with children.
- Buyers with children in the home also place higher importance on a home with a basement, a family room, a kitchen island and an eat-in kitchen.
- For more information on the Profile of Home Buyers and Sellers, click here. And for more info on the Profile of Buyers’ Home Feature Preferences, visit here.
- The typical member had 10 transaction sides in 2011. A side could be either representing the buyer or the seller side of the transaction. This is up from 8 transactions in 2010.
- Six percent of members reported they had no transaction sides, while 22 percent reported they had 21 or more transaction sides. Residential brokers typically had more transaction sides than residential sales agents.
- Commercial specialists typically had 8 commercial deals in 2011.
- The new Member Profile, showing transaction sides in 2012, will be released in just 11 days (May 13, 10 a.m. EST) at the Midyear Meetings.
If you are an Administrative Professional, today is your day. Thank you.
- Eighteen percent of REALTOR® members have at least one personal assistant working for them. This is most common among managers and broker-owners to have a personal assistant. Among managers who do not sell, 27 percent have 1 personal assistant and 20 percent have more two or more assistants.
- Personal assistants most commonly process new listings and enter them into the MLS, send mailings to clients and prospects, and place and track advertising of listings, as well as schedule listing presentations, closing, and appointments.
- About half of personal assistants are licensed in real estate, and slightly less than half are full-time. Members most frequently reported paying the assistant themselves, while about one-third are paid by the company. The most common compensation structure is hourly.
- For more information about this and other data from the Member Profile, go here >
Happy Earth Day! From our Profile of Buyers’ Home Feature Preferences we know that…
- 17% of buyers consider buying a home on a wood lot that has many trees very important. In comparison, 12% of buyers considered a home on an open lot with few trees very important.
- Eight percent of buyers considered a water view very important, while 5 percent of buyers considered a waterfront property very important.
- Single males and married couples placed a higher priority on a wooded lot with many trees.
- Among locales, 30% of buyers in rural areas considered a wooded lot very important, while 19% of buyers in an urban-central city considered an open lot with few trees very important.
- Twenty-nine percent of buyers who did not purchase a home on a wooded lot would be willing to pay more for it. They would be willing to pay $1,720 for a home on a lot with many trees.
- Sixteen percent of buyers who did not purchase a home on an open lot would be willing to pay more for it. They were willing to pay $1,630 for a home with fewer trees.
- The full survey report can currently be obtained for free, via NAR’s Member Value Plus Program.
- As we look forward to Memorial Day Weekend and the official start to summer here are a few vacation home owner statistics from a recent report.
- The median vacation home purchase price was higher in 2012 than in 2011–$150,000.
- The share of vacation buyers who did not use a mortgage rose slightly to 46 percent from 42 percent in 2011.
- Since there were fewer distressed properties on the market in 2012, there were fewer that could be purchased. The share of vacation buyers who purchased a vacation property dropped to 35 percent from 39 percent in 2011.
- However, the share does remain high—20 percent of vacation buyers purchased a home in foreclosure, while 15 percent purchased a short sale.
- Vacation buyers expect to own their vacation home for 10 years.
Click chart to view larger version.
