2011 Home Trends by The Numbers

Some interesting numbers were published by NYSAR (New York State Association of Realtors) recently.  You may be surprised by some of the stats:

  • The percentage of first-time home buyers in the Northeast (According to the National Association of REALTORS 2011 Profile of Home Buyers and Sellers) 43%
  • Typical age of first-time buyers in 2011 -  31 years old
  • In 2011, typical age of repeat buyers increased to 53 years of age (up from 49 in 2010).
  • Nine out of 10 home buyers purchased a home through a real estate agent.
  • The percentage of people who had a down payment greater than 20 percent (according to the October REALTORS Confidence Index) - 34%
  • Estimated percentage of immigrants who will own homes in 2030 -  70.3%  Should that projection be accurate, the percentage of immigrants who will own homes will be on par or slightly higher than native-born Americans.
  • The predicted average square footage of a  US home in 2015 - 2,152.
Suzanne Prezio

Suzanne Prezio

Licensed Real Estate Salesperson, CBR
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