Buying And Selling Real Estate In 2013

A YouRealty Buying & Selling Real Estate in 2013 Home ownership other unmarried couples single men 8% 9% 3 out of 4 homeowners say their home is their biggest source of wealth single women 16% 65% married Couples 65% of all buyers are married couples, 16% are single women, 9% are single men, 8% are unmarried couples and 2% other 34.6% 65.4% 65.4%: homeownership rate according to most recent Census Buying a home 88% 45% ÓF Buying a home is 45% cheaper than renting 88% of buyers use an agent Selling a home SOLD SOLD $215,000 $174,900 Last year, the typical "For Sale By Owner" home sold for $174,900 compared to $215,000 for agent-assisted home sales TV, billboards, and print channels play minimal role in research and decision-making process for home shoppers Market stats Feb May 2013 Dec 1974 2013 14th consecutive month of increased average home sale prices less than 2 million homes were for sale nationwide, a supply of less than five months (six months' supply is considered "normal") Sales volume: 5,180,000 units 15% - foreclosures 10% - short sales average home sale price median home sale price $37,400 $208,400 How first-time buyers finance 6% 24% 76% 93% of entry-level buyers chose a fixed-rate received a loan received a gift first-time buyers that tapped into savings from a relative or from a friend or friend relative mortgage First-time vs. repeat buyers First-time Repeat buyer buyer 31 51 Median age Average income $61,800 $93,100 Typical property purchased 1,600 $154,100 2,100s9. feet $220,000 sq. feet Hispanics impact on U.S. real estate market 58% 51% II II | AAA Hispanics are expected to account Hispanics accounted for 51% of the total net Home ownership for Hispanics grew for 40% of the estimated 12 million 58% from in the last twelve years. The rest of the U.S. population saw to 14 million net new households within the next decade increase of 693,000 owner households in the U.S just a 5% increase All cash transactions 30% 63% About 63% of international transactions were all cash; 30% of domestic transactions are generally cash transactions Best real estate deal in history 1803 Louisiana was bought from Napoleon for only only $0.03 an acre Are you optimistic about buying or selling real estate right now? YouRealty SOURCES http://www.superpages.com/supertips/top-10-buying-your-first-house.html YouRealty will change how you search for real estate, connect with a Realtor and buy & sell realty. http://www.plunkettresearch.com/real-estate-construction-market-research/industry-statistics http://trends.truliablog.com/2012/09/rent-vs-buy-summer-2012/ http://www.realtor.org/field-guides/field-guide-to-quick-real-estate-statistics Interested? http://www.realtor.org/sites/default/files/Study-Digital-House-Hunt-2013-01.pdf Request early access to the platform at http://YouRealty.com http://realtrends.com/blog/real-trends-housing-market-report-june-2013 http://www.statisticbrain.com/home-sales-average-price/ http://www.realtor.org/research-and-statistics http://www.zillowblog.com/2013-05-30/4-real-estate-trends-for-summer-2013/ http://www.realtor.org/news-releases/2013/03/existing-home-sales-and-prices-continue-to-rise-in-february http://www.realtor.org/news-releases/2012/11/nar-sur- vey-of-home-buyers-and-sellers-shows-dual-income-couples-fueling-market http://www.hispanicbusiness.com/2013/4/3/hispanics_drive_real_estate_comeback.htm http://www.realtor.org/reports/profile-of-international-home-buying-activity http://www.siueedu/MLTE/Thematic% 20Units/Lewis% 20and%20Clark/lewis_and_clark_fun_facts.htm