Understanding Home Buyers

March 18, 2008 by Mandie Spudich.

Real estate agents continue to be the leading information source used by homebuyers. In a world filled with newspaper advertisements, real estate magazines, yard signs and the Internet, thirty-eight percent of home buyers first find the home they ultimately purchase through services of a real estate agent. 

w 84% of buyers said they would probably or definitely use the same agent again in a future transaction or recommend to a friend  

w 40% of home buyers were purchasing for the first time

w More than half of buyers had no children residing at home

w 77% of buyers bought their home with the assistance of an agent

w 79% of recent homebuyers used only one agent throughout the process

w 62% of recent home-buying households were represented by married couples

w The median age of recent homebuyers was 39 years 

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