Today’s Home Buyers

It’s no secret that the housing market has been hot for the last few years. In America’s most popular metro areas, there simply is not enough supply to meet today’s housing demand. High demand makes prices sky rocket, of course, which begs the question: who are today’s home buyers?

Did you know that 44 is the average age of 2016 home buyers? Gen X is still a dominant presence in the housing market. If you’re planning to sell soon, be sure your property appeals to Gen X buyers!

Meanwhile, only 35% of buyers in the past year were buying for the first time. This means buyers are upgrading, downsizing, relocating, and purchasing investment properties.

Will your property appeal to married couples? They dominate today’s buyer demographics:

Today's Homebuyers Infographic

 

 

Are you planning to buy a home this year? We’re here to help you with your Contra Costa County and Lamorinda-area real estate endeavors! Contact us today.

1 Comment

  1. Nice post. In today’s real estate industry, getting enough properties to match the demands of buyers in the market is a significant challenge. Though real estate agents are trying to meet up with these demands, there is a great need that technology is involved as this goes a long way to enhance the ROI. Smartphone apps and other online platforms, for example, have been mentioned to be among the highest helping tools to real estate agents. One of these tools, Vacation Rental Property Management Software (www.vrpms.com) for example helps agents monitor and organize their properties. Real estate is passing through technological innovation.

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