Who is Buying in 2019

Considering data gathered from closings and public filings, Realtor.com® has revealed some interesting facts that may be helpful if you are planning on buying or selling a property in the near future.

 As would be expected the age group that is now most active in homebuying is the population born between 1981- 1996 and are currently aged 22-37 years old. The older of the millennials has started families, established jobs and are finally buying homes. The millennials strapped with huge educational debt have been slow to become active in the housing market.

Single Women                                                                                                                                         Single women comprise the largest demographic of home buyers other than married couples. They are responsible for 17% of U.S. homebuying. Single men accounted for only 7%.

Hispanics                                                                                                                                             During 2017 Hispanic homebuyers accounted for 15% of homes sold in the U.S. Mostly in the states of Texas, Florida and California their influence in the housing market has recently been noted also in the states of Iowa, Kansas and Utah.

Knowing your buyer and preparing and staging your home to appeal to todays buyer is key to a successful and quick sale.