Author Archive

NAR Survey Data: Student Debt and Saving for Downpayment Among Successful Home Buyers

Twelve percent of homebuyers found it difficult to save; for first-time homebuyers, 20 percent found it difficult to save. Of those who had a hard time saving, 43 percent of home buyers and 54 percent of first-time buyers reported...

Increase in Tenure in Home: Due to Increased Buying Power?

I remember giving my mom a hard time when I was kid saying we moved too much (we did), to which she retorted “Everyone moves every six years. It’s a fact.” It was only many years later that I...

How Seller Sold Home, 1991-2013

The share of home sellers who sold their home without the assistance of a real estate agent was nine percent. Of that nine percent, forty percent knew the buyer prior to home purchase. Eighty-eight percent of sellers were assisted...

Where Do Buyers and Sellers Find Their Agent?

According to data found in NAR’s annual Profile of Home Buyers and Sellers, home buyers and sellers consistently report they truly rely on referrals from friends and family to find an agent or they use an agent they had...

Characteristics of Home Buyers

The characteristics of home buyers has changed, likely due to tightened credit conditions. There is a higher share of married couples and a suppressed level of single buyers. There is also a lower than historical share of first-time buyers,...