Author Archive

Race/ Ethnicity of Home Buyers

The race/ethnicity of home buyers over the last 10 years has remained fairly unchanged. White/Caucasian home buyers are typically 85 percent to 81 percent of the home buying market. In 2010, the share of white/Caucasian home buyers was 82...

Household Composition 2001-2010

Household composition of recent home buyers continues to evolve as the market opened to a larger share of first-time buyers and improved affordability. The share of married couples has declined to 58 percent in 2010 from 68 percent in...

Expected Tenure in Home

Forty-two percent of recent buyers were unsure of how long they expected to own their home. The typical buyer estimated they would live in their home for 10 years. Repeat buyers and buyers over the age of 45 estimated...

Why Do Buyers Want to Own?

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...

Harris Survey – Young Renters

Among young adult renters, 74 percent say they are likely to buy at some point in the future. About one-third (35 percent) of renters plan to purchase a home in the next 3 to 5 years (43 percent among...