Latest House Buying Stats

[David Krulac]

According to a NAHB, National association of Home Builders:

14 millions households were purchased between 2011 and 2013.

11% purchased brand new homes.

43% were purchasing their first home.

Median age of buyer was 32 years old with income of about $62,000

Median age of new home buyers was 40 years with income of about $85,000

Median value of homes was $168,000.

The median buyer looked at 10 houses before buying.

11% bought using cash or zero down financing

17% used proceeds from sale of existing house to buy.

Full study is at:

http://www.nahbclassic.org/generic.aspx?sectionID=734&genericContentID=246591&channelID=311