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Home Buyers in 2013 {Infographic}
 

Statistics provided by National Association of Realtors®
The National Association of Realtors® recently published the results of their 2012/2013 Home Buyer and Seller Survey – The results are interesting and indicate a strong sellers market along with a recovering economy. Our hopes are high for this recovery and the future of Real Estate. Investing in Real Estate is still a smart move and proves to have a high return in the long run, either by increased home values or as a passive income stream.
2013 Home Buyer by Numbers: 38% of home buyers were first-time buyers – still not reaching the average of 40% 14% of buyers purchased a multi-generational home – which is an increasing trend due to children staying in the home longer or  taking care of aging parents. We are prepared to see more of this trend. While the average age of a home buyer in 2013 42-years-old, the average first-time buyer was 31 and the average repeat buyer 52. The gross household income increased from $72,200 in 2010 to an improved $83,300 in 2013 – hopefully a trend that will support a continued economic growth Since 2010 through 2013 home purchases of married couples have ... more

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