Author Archive

Unmarried Couple Homebuyers

The median household income for unmarried couple homebuyers in 2009 was $69,700. Three-quarters of unmarried couple buyers were first-time home buyers. 79 percent of unmarried couples purchased their home through an agent. 81 percent of unmarried couple buyers purchased...

International Attitudes Towards Personal Finances and Economies

According to the Genworth International Mortgage Trends Report, consumers are more worried about personal finances than their countries’ economies. Across the countries surveyed, over 40% of all respondents felt negative about their economy while 75% were concerned about their...

Profile of Buyers Aged 65 and Older

Sixty-four percent of  buyers aged 65 and older purchased a single-family home with a median home size of 1,756 square feet. There are several reasons why buyers aged 65 and older purchased a home.  Twenty-eight percent  wanted to move...

U.S. Population is Aging

The latest statistics released by the U.S. Census Bureau found that Maine and Vermont surpassed Florida and West Virginia as the states with the highest median age. Maine has the highest median age in the country at 42.7. Vermont...

Foreclosures in Low-Income and Minority Communities

Low-income and minority communities have suffered the highest foreclosure rates. Even after controlling for income, foreclosure rates in minority tracts are significantly higher than in white tracts. Reflecting patterns of racial/ethnic and income segregation, center-city neighborhoods have also suffered...