Just Who is Buying Homes?

August 3, 2015

The NAHB examined data the housing market from 2011 to 2012 and found a few trends.

The study matches what logic might indicate: It found that new home buyers are older, earn more money, and buy bigger homes, but that first-time home buyers are younger and buy cheaper, smaller dwellings.

For instance, the typical new home buyer, judging by median figures, is a 40-year-old person that makes nearly $85,000 a year and purchased a $231,000, 2,200 square-foot house. First-time home buyers are 32-years-old, make nearly $63,000, and buy $146,000, 1,600 square-foot homes.

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