A recent webinar on The Profile of Home Buyers and Sellers by Jessica Lautz from National Association of REALTORS provides insight on few interesting points.
A copy of the document is available at https://app.box.com/s/is5cl31kpvadl1zqbaab6r4vygglzayh.
Interesting points relevant to the 2014 study include:
- 67% of home sales are driven by Primary Residence Buyers
- Median age of a home buyer is 44 with a gross household income of $84.5k
- There is a bias towards lending to married households with a 65% share among home buyers