profile of home buyers and sellers Archive

Home Searches with Open Houses

While the top information sources used during the home buying process continue to be online websites (89 percent) and real estate agents (87 percent), 48 percent of recent home buyers used open houses as an information source during their...

Gen X: Millennials Are Not the Only Generation that Wants to Buy

While Millennials, or Gen Y, are the largest group of homebuyers, Gen X is also an important generational group. For starters they comprise 26 percent of recent buyers and are the most racially and ethnically diverse population of buyers[1]....

Repeat Buyers Making a Splash More Than First-Time Buyers

One way to examine changes in the housing market is to look at the prior living arrangements of buyers, specifically changes in the last decade. In 2015, 43 percent of all buyers rented an apartment or house before buying....
April 6, 2016

How Real Estate Agents Acquire New Business

This seems to be the question everyone wants to know if you are a real estate agent. Me? I found mine by referral so there was already a level of trust established. In fact, most buyers find their agents...

President’s Day 2016: How Does the White House Compare to the Average Home

In the spirit of President’s Day we can use data from the 2015 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 84% of buyers purchased a...