205: Who is Buying Homes in 2016?

Be Wealthy Podcast CoverAccording to Nat’l Association of Realtors, who is buying homes in 2016?

Let’s take a look at who is buying homes, by marital status:

Married 66%
Single females 17%
Unmarried couples 8%
Single males 7%

Interesting because from 2005 – 2010, 20% were single females, but
only 15% in 2015.

Homebuyers’ median income:

Married couples $99,200
Unmarried couples $84,800
Single males $69,600
Other $69,100
Single females $55,300

So although single females have lower incomes than others, they are a big group of buyers. Why?

1. Possess own home 38%
2. Change in family situation 11%
3. To be closer to family/friends 9%
4. Desire for smaller home 7%
5. Retirement 5%

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This entry was posted in Podcast, Real Estate and tagged , , , , by Linda. Bookmark the permalink.

About Linda

Host of the “Be Wealthy & Smart” podcast on iTunes. Linda received a bronze 2014 Stevie® as “Maverick of the Year” for financial education by the American Business Awards. A millionaire at age 38 and widowed at age 45, Linda uses her vast financial experience and knowledge to empower women and men worldwide to financial freedom. She is the only financial expert who teaches to start with a wealthy mindset before learning the twin pillars of wealth building: investing like billionaires and creating a luxury brand business.

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