Tag Archive for respondents

Survey Details 2013’s Typical Home Buyer, Seller

November 6, 2013 Housing Market Comments Off on Survey Details 2013’s Typical Home Buyer, Seller

Among recent home buyers, 80 percent said they believe their home is a good investment, according to the 2013 National Association of Realtors Profile of Home Buyers and Sellers. The survey, which polled nearly 150,000 recent buyers and sellers, aimed to evaluate the demographics, preferences, motivations, and experiences of people who participated in a real-estate transaction between July 2012 and June 2013. According to the results, the number of first-time home buyers slipped from 39 percent in the 2012 study to 38 percent this year. The median age of first-time buyers was 31 and their median income was $67,400. Among repeat buyers, the typical buyer was 52 years old and earned $96,000. Nearly 90 percent of all buyers financed their home – with 95 percent of entry-level buyers using a fixed rate mortgage. 92 percent of respondents said they used the Internet to search for a home. The survey also found that the typical seller was 53 years old and moved a median distance of 18 miles. Homes for sale were typically on the market for 5 weeks, down from 11 weeks in last year’s survey. More here.

Survey Reveals How Americans Feel About Their Neighbors

October 30, 2013 Housing Market Comments Off on Survey Reveals How Americans Feel About Their Neighbors

Trulia recently conducted a survey of 3,014 American adults to gauge their feelings about their neighborhood and neighbors. The results reveal that a majority of Americans say they like their neighbors, though a smaller percentage say they know their neighbors’ names. Among respondents, homeowners were more likely to know and like their neighbors than renters, as were people in suburban neighborhoods compared to people in urban areas. One fifth of Americans said they judge their neighbors by the appearance of their home and property and 35 percent said it’s important to them that their neighbors are homeowners, not renters. Jed Kolko, Trulia’s chief economist, said because of the housing crash and foreclosure crisis, millions of single-family homes became rentals, which is bad news for homeowners who say it’s important they live near owners. But, according to Kolko, living next to a rental beats living next door to a foreclosed, vacant house. Regionally, Midwesterns were most likely to know their neighbors’ names: 60 percent said they do, compared with 51 percent in the Northeast and South, and 49 percent in the West. More here.

Housing Market Heats Up But Doesn’t Bubble

October 2, 2013 Uncategorized Comments Off on Housing Market Heats Up But Doesn’t Bubble

In a recent New York Times op-ed, economist Robert Shiller argues that – though home prices have risen 18.4 percent in the 16 months leading up to July of this year – the housing market is not entering into another bubble. Shiller, the co-creator of the S&P / Case-Shiller Home Price Index, conducted a survey of recent home buyers to determine whether or not respondents had unreasonable expectations about home prices and the housing market. Shiller found that, though short-term expectations were higher than they have been over the past few years, long-term expectations were fairly modest. Also, nearly 20 percent fewer homeowners responded that they thought real estate was the best investment for long-term holders, indicating that Americans are aware that recent price increases are largely due to the drastic drop experienced during the financial crisis. Overall, Shiller believes Americans are still relatively sober about housing but warns of the risk of a potential bubble mentality developing in the market. More here.

Majority of Americans Say Now Is A Good Time To Buy

September 16, 2013 Uncategorized Comments Off on Majority of Americans Say Now Is A Good Time To Buy

Fannie Mae’s National Housing Survey polls Americans each month to assess their perception of the housing market, including attitudes toward owning or renting a home, price and rate changes, consumer confidence, household finances, and the overall economy. According to the results of the most recent survey, Americans’ optimism about housing growth has begun to plateau after trending upward since the beginning of the year. Still, a majority of respondents say now is a good time to buy a home and the number who said they’d prefer to buy if they had to move increased from last month. The percentage of people who believe it’d be easy for them to get a home mortgage also increased from the previous month’s survey. Overall, participants said they think home prices and rent will rise over the next year, while the number of people who said mortgage rates would increase over the same time period fell slightly from the month before. More here.

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