Celebration Blog

CHARACTERISTICS OF HOME BUYERS

The median age of home buyers was 43 years old. Among first-time buyers, the median age was 32.

The median 2007 household income of home buyers in Florida was $68,500 compared to $74,900 among home buyers nationally.

Sixty-seven percent of home buyers had no children under age 18 residing in the home.

Fifty-eight percent of home buyers were married couples, 18 percent single females, 13 percent single males, and 9 percent were unmarried couples.

Seventeen percent of home buyers reported they were born outside the United States, compared to 9 percent nationally.

First-time home buyers accounted for 43 percent of recent home purchases.

Forty-eight percent of first-time home buyers were between 25 and 34 years old.

The median income of first-time home buyers was $58,400 compared to $60,600 among all first-time buyers nationally.

Thirty percent of first-time buyers identified their race or ethnicity as non-white.

The primary reason for the recent home purchase was a desire to own a home for 60 percent of first-time buyers.

For the timing of the home purchase, 34 percent reported it was just the right time for them, 19 percent noted they had to purchase when they did, and 29 percent reported it was either due to improved affordability of homes or availability of homes for sale. Only 7 percent stated they wished they had waited to buy.

Forty-six percent of home buyers reported using social networking Web sites, such as MySpace, Facebook, LinkedIn, and Friendster. Among home buyers aged 18 to 24, 85 percent reported using social networking

CHARACTERISTICS OF HOMES PURCHASED

New home purchases were 25 percent of recent home purchases.

Seventy percent of homes purchased were detached single family homes.

The typical home buyer purchased a home 15 miles from their previous residence.

The median price of homes purchased was $207,000 compared to $204,000 in the U.S.

The typical buyer purchased a home that was 1,760 square feet in size. The median size of home purchased by first-time buyers was 1,570 square feet


Posted by Karyn Smith on February 11th, 2009 11:00 AMPost a Comment (0)

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