Sunday, February 21, 2016

Fewer first-time buyers...

The share of first-time home buyers declined for the 3rd consecutive year and remained at its lowest point in nearly three decades, according to the NAR (National Association of Realtors®)
The overall strong pace of home sales in 2015 was driven more by repeat buyers with dual incomes, according to NAR's annual survey.

In the past 5 years, this is the share of new buyers among all the buyers of real estate:

To continue on with this survey, this is how buyers responded overall to the question: Why buy now?

"Homes affordable" was not popular...  ;-)
It is refreshing to see "Right time" come up so much in the results - isn't it the best reason to buy?

Thanks for reading!

Trends: Local prices and graphs.
A worthy local non-profit to remember: Community Services Agency in Mountain View