Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of … [Read more...]
2012 Profile of Home Buyers and Sellers: Most Difficult Task for FSBO Sellers
Sellers are turning to agents to help sell their homes at higher rates than in the past – 88 percent of home sales were agent-assisted compared to 82 percent in 2004. Only nine percent of recent sellers reported selling their homes as a FSBO … [Read more...]
Neighborhood Choice
For the past several years, the top factor influencing where a buyer purchased a home was the quality of the neighborhood. Convenience to work was the second most significant factor with just under half of buyers citing its importance. Affordability … [Read more...]
Home Buyer Compromises
Recent home buyers are often willing to make sacrifices when purchasing a home. The most common sacrifices are compromising on the price, size and condition of the home they purchased. Those who have children under the 18 in their home are the least … [Read more...]
Immigrants, An Emerging Base of Clients: The Virginia Story
The United States attracts about 1 million immigrants (permanent residents) every year. Over time, they achieve the American dream of having higher incomes and homeownership. Did you know that India is the top origination country of immigrants … [Read more...]
Expected Tenure in Home
Forty-three percent of recent buyers were unsure of how long they expected to own their home. The typical buyer estimated they would live in their home for 15 years, a large increase from the estimated 10 years recorded in the 2010 report. First-time … [Read more...]
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