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Home Buyer and Seller Generational Trends

 

Highlights

  • At 35 percent, buyers 35 years and younger continue to be the largest generational group of home buyers with a median age of 30 years old.
  • First-time buyers made up 32 percent of all home buyers, down from 33 percent last year.
  • Sixty-seven percent of buyers 35 years and younger were first-time buyers, followed by buyers 36 to 50 years at 26 percent.
  • The most common type of home purchased continues to be the detached single-family home, which made up 83 percent of all homes purchased.
  • Eighty-nine percent of Millennials, 87 percent of Gen X buyers, and 85 percent of Younger Boomers purchased their home through an agent.

 

More About the Report

 

 

Supporting RPAC is Necessary for Your Business

RPAC- REALTORS® Political Action Committee- Your Contribution to RPAC
is a Vote for a pro-REALTOR®  Congress, Regardless of Political Party

why contribute rpac

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A Capital Hill Win for Homeownership

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Daily Real Estate News | Monday, December 07, 2015 National Association of Realtors

 

In a big win for real estate, Congress last week approved a $305 billion transportation bill that includes no funding from an extension of mortgage guarantee fees as some lawmakers had proposed.

The bill provides reauthorization of several initiatives that the National Association of REALTORS® supports, including programs to increase transportation safety and develop more pedestrian-friendly communities. But the big victory for real estate was that the bill excluded so-called g-fees to pay for transportation programs. 

More than a fifth of REALTORS® across the country, or about 197,000 members, participated in a Call for Action that NAR launched in October to prevent Congress from using g-fees at the expense of future home owners. Some 600,000 letters in all were sent in what was REALTORS®’ most forceful response to a Call for Action. President Obama signed the bill on Friday.

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Realtors® Applaud Transportation Conference Report

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Dec 01, 2015, 14:42 ET from National Association of Realtors

National Association of Realtors® President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida, praised sections of the legislation that are important to strengthening neighborhoods and promoting safety, and in particular, applauded the decision not to use guarantee fees, or g-fees, from government-sponsored enterprises Fannie Mae and Freddie Mac as a funding mechanism.

Following is a statement from Mr. Salomone: 

"The multiyear transportation bill moving through Congress is a win across the board, making critical investments in America's infrastructure.

"NAR is pleased at the emphasis placed on safety and alternative transportation options to strengthen neighborhoods, improve property values and make non-motorized transportation, like sidewalks and bike lanes, a priority.

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Call to Action- You Helped Make it Happen

Mortgage Debt Forgiveness Tax Relief

Media Contact: Jenny Werwa / 202-383-1193

WASHINGTON (December 17, 2014) – The following is a statement by National Association of Realtors® President Chris Polychron:

“The package of tax extensions approved by the U.S. House and Senate, and headed to the President’s desk for signature, includes important provisions that will help distressed homeowners and commercial property investors with transactions made during 2014. NAR applauds Congressional leaders in both chambers for their effort to pass this legislation before adjournment. “Realtors® strongly supported the bipartisan Mortgage Forgiveness Tax Relief Act, which was included in the package to prevent underwater borrowers from paying taxes on any mortgage debt forgiven or cancelled by a lender in a workout or after their home was sold for less money than was owed.

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