Tuesday, September 26, 2006

Tomorrows Home Buyers

Tomorrows home buyers are under age 25, are tech savy and searching the internet for homes. Many these home buyers are purchasing home at a younger age than their older brothers and sisters as well as their baby boomer parents. Many young home buyers see purchasing real estate as a good long-term investment and no longer waiting for a long term relationship or getting married to make a purchase. The percentage of young home buyers have increased from 11% in 2001 to 14% in 2005. The trend of single female home buyers has increased from 14% in 2001 to 21% in 2006. Courtesy of Planet Realtor 9/25/06.