New Data on Home Buyers And Sellers

The National Association of Realtors (NAR) recently released the results of their annual survey pertaining to home buyers and sellers.

Some of the findings follow.

• Sixty-one percent of home buyers are married couples.
• The percent of first time home buyers rose to 41%, up from 39% last year.
• Forty-nine percent of the first-time home buyers were white couples.
• Eighty-seven percent of buyers used the internet while looking for a house.
• Eighty-five percent of all buyers used a real estate agent.
• Half of all buyers cited honesty, trustworthiness, and reputation as a reason they chose the real estate agent that they used.

Most of the buyers only contacted one agent when choosing who should represent them. They made the choice based on a referral or they had previously used the same agent.