Interesting Report from NAR
More and more home buyers feel their home purchase is as good as investing in stocks, according to a survey by the National Association of Realtors. According to NAR About 79 percent of buyers purchased their home through a real estate broker or agent. Forty-three percent of buyers found their broker-agent through a referral from a friend or family member. About a third of buyers reported that their first step in the home-buying process was looking online for sale properties and a whopping 84 percent of buyers report they used the Internet to search for homes at some point in their home-seeking process. Overall, the typical home buyer is 39 years old, while the typical repeat buyer is 46. Nine percent of home buyers reported they were born outside the United States. Three-quarters of buyers between 18 and 24 purchased a home because of their desire to own a home and establish a household. Nearly three quarters of first-time buyers rely on savings for their down payment and Ninety-three percent arranged financing for their purchase.




