Who Are We Seeing Buying Homes
The primary reason buyers purchased a home in 2017 was for the sense of ownership. While some traded up or down, many purchased simply for the sake of owning their own home. In fact, 34 percent of those who bought in 2017 were first time homebuyers.
For men, the desire to own a home is related to a sense of pride. Whereas for women, the desire is directly linked to happiness. That being said, 8 percent of those who bought were unmarried couples, 7 percent were single males, 18 percent were single females, and 65 percent were married couples.
The average age of the 2017 buyer was 45, telling us that though many were first time homebuyers, we still aren't seeing a surge in Millennial buyers just yet.
18 percent of buyers were veterans and 3 percent were active service members.