The National Association of Realtors, of which I am a member, has released their 2019 Profile of Home Buyers and Sellers. Here are some basic facts regarding today’s Home Buyers:
- 33 % are first-time home buyers.
- 24 % are dealing with student debt.
- Average household income is $93,200.
- 50 % Purchased a home in a suburban area.
- 87 % Purchased a single family home.
- 12 % Median Down Payment.
- 89 % Purchased their homes through a real estate agent or broker.