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Massachusetts Housing Report
A recent study done by the Massachusetts Association of Realtors pointed out some interesting numbers. 
Not surprisingly, they found that over 90 percent of all homebuyers are using the internet as part of their home search.  They also found that over 90 percent of buyers chose to work with a real estate agent to guide them through the process. 
 Social Networking
According to the report, 47 percent of homebuyers are using social networking sites, such as MySpace, Facebook, LinkedIn and Friendster.  That is up from 50 percent last year.  Twenty-seven percent of those in ages from 18 to 24 reported that they use these sites every day. 
 
 Demographics  
The median age of Massachusetts home buyers in 2008 was 39 years old and that was the same figure as the previous year.  Median income was up to $88,100 compared to $84,400.  Fifty-eight percent of home buyers were married couples. Eighteen percent single females and twelve percent single males. Ten percent of home buyers were born outside of the U. S. The median age of the first-time home buyer was 31. Fifty-three percent of first-time buyers were between 25 and 34 years old. Forty-eight percent of first-time home purchasers had a median income ... more

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