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Tuesday, November 13, 2012

Who are buying homes in 2012? The survey says…

The National Association of Realtors® (NAR) has released its annual survey of home buyers for 2012.  Some of the key results:
  • 65% of buyers are married couples 
  • Share of single buyers declined 7% over past two years 
  • First time home buyers made up 39% of  buyers (37% in 2011)
  • Down payments for all buyers was 9% (4% first time buyers) 
  • Buyers using a real estate agent searched a median of 12 weeks and viewed10 homes ( in 2011 average was 12 homes viewed) 
  • Biggest factors for choosing a particular home – 61% convenience to jobs (transportation costs?) 
  • For sale by owner was 9% of sales down 1% from last year (When market is most challenging, call your Realtor®)
This is just a quick summary of the results as provide by the Florida Realtors®.  For information on buying and selling real estate in central Florida, send me an email!

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