NAR Survey Catalogs Changes in Home Buyer Characteristics

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Posted To: MND NewsWire

The National Association of Realtors® (NAR) says its 2018 Profile of Home Buyers and Sellers confirms that student debt balances are an increasing concern and that single, female buyers are still a powerful force in homebuying. The report, the result of an annual survey NAR conducts among recent homebuyers and sellers, identifies other housing trends including the rising age of repeat homebuyers, increasing levels of down payments, the difficulties faced by aspiring first-time buyers, the growing reliance by sellers on professional real estate agents, and the impact of pets on homebuying decisions. “With the lower end of the housing market – smaller, moderately priced homes – seeing the worst of the inventory shortage, first-time home buyers who want to enter the market are having difficulty…(read more)

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