2015 Buying and Selling Trends
Posted by ERA Landmark Real Estate on
We all know that real estate is most certainly local, but having an overview of national trends is important to overall market knowledge. The National Association of REALTORS® (NAR) recently released its 2015 Profile of Home Buyers and Sellers which provides the most up-to-date statistics. Although each real estate transaction is completely unique, trends can be useful to gauge market health.
Demographic figures revealed that first-time home buyers dropped by 1% to 32% of the market, which is the second-lowest figure ever. The lowest year recorded was 30% in 1987. First-time buyers tend to include more one-income single buyers. When prices begin to rise, oftentimes married couples with dual incomes can better adjust to the higher sales prices…
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