Snapshot of today’s homebuyers and sellers

The National Association of REALTORS® (NAR) has released it 2013 Profile of Homebuyers and Sellers and it offers an interesting look at the demographics of today’s buyers and sellers, what motivates them and how they navigate the process. Read the NAR news release for details but here are a few of NAR’s key findings:

  • 92 percent of buyers used the Internet in their home search.
  • 90 percent of buyers who used the Internet in their search ended up purchasing a home through a real estate agent.
  • The top reason for purchasing a home: a desire to own a home of their own.
  • 80 percent of recent home buyers say their home is a good investment.

Read the NAR news release | Watch a video from NAR on the data

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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