Who ARE today’s home shoppers and buyers?

Who ARE today's home shoppers and buyers (statistically speaking)?

I sat down this morning over a cup of coffee and reviewed the 2012 Profile of Home Buyers and Sellers from the National Association of REALTORS, and I found some of the stats pretty interesting.

For example, 36% of Texas home buyers looked online as a first step in the home buying process, and the typical home buyer in Texas searched for 8 weeks and saw 10 homes before buying (on average). Also, in order to find an Agent to help them, 36 percent of Texas buyers in 2012 used a referral from a friend or family member and 13 percent used an Agent that they had used previously.

Thirty-five percent of buyers in Texas in 2012 were first-time buyers, and 69 percent were married couples. Buyers cited the quality of the neighborhood, convenience to job, and overall affordability of home were the top three factors influencing neighborhood choice.

The bottom-line: although there are lots of online resources to assist buyers with learning more about the home inventory out there and about the home buying process in general, most buyers value the expertise and guidance of a licensed Agent to help them navigate the maze and protect their best interests. 🙂

If YOU have questions, I’m here to help. Have a great weekend!

http://www.johnbrooks-realtor.com

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