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Download Highlights PDF 1. For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. Your resource for all things Real Estate. View All. Being a Real Estate Professional. Residential Real Estate. Membership Providing Membership Value. Directories Complete listing of state and local associations, MLSs, members, and more.
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The typical home that was recently purchased was 1, square feethad three bedrooms and two bathroomsand was built in Buyers typically searched for eight weeks and looked at a median of 9 homes and viewed 5 of these homes only online. FSBO homes sold more quickly on the market than agent-assisted homes. Buyers who purchased after March have a shorter expected tenure in the home they purchased, just 10 years compared to those who purchased before the pandemic who expect to own their home for 15 years.
Home sellers who sold their home after March were more likely to report the main reason for selling was because their home was too small. Sellers who sold after March were more likely to use technology as a marketing tool. The biggest difference seen is among those using virtual tours. Related Content. Home Buyers and Sellers Generational Trends.
March 16, Buyer Bios. This report uses data from the Home Buyers and Sellers survey to focus on specific buyer and seller demographic groups. November 2, Latest Data.
June 9, Use the data in these reports to improve your business through knowledge of the latest trends and statistics.Looking for a in house situation
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Highlights From the Profile of Home Buyers and Sellers