205: Who is Buying Homes in 2016?
Be Wealthy & Smart · Linda P. Jones
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Show Notes
According to Nat'l Association of Realtors, who is buying homes in 2016?
Let's take a look at who is buying homes, by marital status:
Married 66% Single females 17% Unmarried couples 8% Single males 7%
Interesting because from 2005 - 2010, 20% were single females, but only 15% in 2015.
Homebuyers' median income:
Married couples $99,200 Unmarried couples $84,800 Single males $69,600 Other $69,100 Single females $55,300
So although single females have lower incomes than others, they are a big group of buyers. Why?
1. Possess own home 38% 2. Change in family situation 11% 3. To be closer to family/friends 9% 4. Desire for smaller home 7% 5. Retirement 5%
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