NAR 2015 Profile of Home Buyers and Sellers
The National Association of REALTORS® recently released its 2015 Profile of Home Buyers and Sellers report and there are some interesting new trends emerging this year. One fascinating trend is that in almost every region of the United States, buyers were trading up and buying bigger homes. According to the new report, 42 percent of all buyers traded up in the size of their home, up from 40 percent in 2014. In the 2014 report, buyers reported that they were looking for homes similar in size at 31 percent compared to 29 percent in 2015. One reason for this shift is that people finally have more equity from selling their previous homes in order to buy a bigger one. Sellers also reported that they sold their homes for a median of $40,000 more than they purchased it, up from $30,100 in 2014.
See the 2015 Profile of Home Buyers and Sellers and related information at http://www.realtor.org/
Read Highlights from the 2015 Profile of Home Buyers and Sellers at http://www.realtor.org/
- At 30 percent, the primary reason for purchasing a home was the desire to own a home of their own.
- Eighty-seven percent of buyers recently purchased their home through a real estate agent or broker.
- Eighty-eight percent of buyers would use their agent again or recommend their agent to others.
- Only eight percent (down from nine percent) of recent home sales were FSBO sales. This is the lowest share recorded since this report started in 1981.
See the infographic portraying the characteristics of home buyers and sellers at http://www.realtor.org/
