Today’s homebuyers are more likely to pay cash and be unmarried and childless than in previous years. They’re also entering their new homes with a much steeper income, according to NAR’s annual Profile of Home Buyers and Sellers report.
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Category: homebuyers
Homebuyers need an annual salary of $115,000 to afford an average U.S. home
New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.
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Exorbitant home prices and mortgage rates are highest ever recorded
New homebuyers must make an average of $115,000 to afford the average U.S home, according to studies from Redfin. That’s about $40,000 more than the typical American earns.
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Market changes put buyers in the driver’s seat
From dropping home prices, increased inventory and homes staying on the market longer, today’s buyers should look at the upside to what the market means for their prospects.
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Homebuyers face most volatile mortgage rates in 35 years
Mortgage rates continue to fluctuate by nearly half a percentage point every month, leaving homebuyers facing the most volatile three-month period they’ve seen since 1987.
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NAR Generational Trends Report shows millennials make up 43% of homebuyers
What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.
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The biggest dealbreakers for U.S. homebuyers
Despite fierce competition in the housing market, nationwide, potential homebuyers still have dealbreakers — and they’re revealed in a new study by HomeAdvisor.
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