Who’s Buying?
Diana Heeb Bivona
The landscape, in terms of demographics, has changed when it comes to developing a picture of who is buying a house. While married couples are still the biggest demographic at 61%, there are some interesting changes.
The National Association of Realtors found that:
- Single women now buy 21% of homes, single men only 9%.
- Minority homeowners account for 30% of all home sales.
- More international buyers are buying homes in the U.S. There were over $41 billion worth of residential real estate purchases by international buyers during 2005. Germans, Latin Americans, Australians, and the Japanese are purchasing vacation properties in resort areas such as Miami, Ft. Lauderdale, Palm Springs and the ski resorts of the Rockies and the Sierras.
Popularity: 35%