A recent issue of Realtor Magazine noted that first time home buyers make up roughly a third of the buyers who will hit the market this year, and that number keeps growing. They are a little younger than the repeat buyers who currently dominate the market and they are thriftier. At a median age of 31 (versus a repeat buyer who is on average 53), their average income is $70,000. They also have a different set of priorities.
81% – Updated kitchen and bath
59% – An open floor plan
43% – Low-maintenance features
36% – Walkable communities
20% – Energy Efficiency
19% – Strength of cell-phone service or WiFi
I’m all about buying and holding onto real estate. Call me and let’s find you your first property!