2011 Profile of Home Buyers and Sellers Introduction
Over the next few weeks I am going to breakdown the 2011 Profile of Home Buyers and Sellers. To keep things easy on myself as well as you the readers I will do section by section.
First things first, you may be asking what this report is and why I feel it is important. Over the last few years especially we have seen many changes with what our clients are looking for and need not to mention the change in consumer demographics as a whole. It is our job as a professional to stay on top of what it is our clients need and expect not to mention what they want when choosing a real estate professional, how consumers begin the process of searching for a home, why some choose not to work with Agents and what draws them into the market.
A few quick points of interest:
- The demographics covered this year are unlike any in the last 10 years
- Over the last 2yrs the Home buyer Tax Credits and Record low affordability drove the market. In 2011 the changes in financing standards have adjusted who is purchasing and selling homes.
- The role of the Real Estate Agent has become more invaluable.
**Photo credit to www.realtor.org
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