First Time Homeowner vs. Move-up Buyer

First Time Homeowner Vs. Move-up Buyer The average income of move-up buyers is The average age of the householder is 33 years old. Almost two-thirds of these householders were under age 35. 5% of these 5% $84,170 householders were over age 55. The average first-time buyer household had an income of The average age is $64,074 45 Almost two-thirds of first-time buyer households have incomes that are between 50 percent and 150 percent of the AMI, 50%-150% While 17% have incomes greater than 150% of AMI. The average size of those households is 2.7 persons. 18% have incomes below 50% of the AMI. Ratio of household income to the area median income (AMI) is 31% of first-time buyers are married with children. 1.5. 31% One-person households are about 2x as likely to be male headed as + female headed. Single parent headed households are about 2x as likely to be female headed as male headed. Two-thirds of first-time buyers are white non-Hispanics. They have substantially higher incomes than first-timers: largely because move-up buyers are older than first-time buyers 11% 15% as we have seen, and because move-up buyers are very likely to have experienced income growth subsequent to the first home purchase. 11% are black non-Hispanics. 15% are white 2011, the National Association of Realtors found that the average home-seller had lived in their house for nine years. Hispanics. The percentage of first-time buyers that were previously renters is about: 区区 XXX 区区 XX 77% 17% bought a house that cost more than: Homes purchased had a median value of: $500,000 $150,000. while only 6% of first-time buyers could afford such a house. Two-thirds bought homes that cost less $200,000. The median square footage of homes is 1,500. 73% Almost 79% purchased single-family detached houses, 11% of these buyers purchased townhouses and another 11% purchased condominiums. purchased an existing house. 79% 27% 11% bought a new home. A11% 22% of move-up buyers have no mortgage. Almost 86% purchased an existing house, while the remaining buyers either bought a speculatively built home or a custom home. Among those with a mortgage about 60% are able to make at a 20% 60% downpayment. Once first-time homeowners made up nearly half of all existing-home sales, but they now make up 35 percent, according to a recentlyreleased National Association of Realtors The average and median household size for move-up households is virtually identical to first-time buyer households. герort. www.mountainseed.com MOUNTAINSEED http://www.trulia.com/blog/maricel_cobitz/2009/o1/why_people_rather_rent http://universe.byu.edu/index.php/2011/10/11/average-age-of-first-time-homeowners-remains-high/ %24 凶 区区 区 First Time Homeowner Vs. Move-up Buyer The average income of move-up buyers is The average age of the householder is 33 years old. Almost two-thirds of these householders were under age 35. 5% of these 5% $84,170 householders were over age 55. The average first-time buyer household had an income of The average age is $64,074 45 Almost two-thirds of first-time buyer households have incomes that are between 50 percent and 150 percent of the AMI, 50%-150% While 17% have incomes greater than 150% of AMI. The average size of those households is 2.7 persons. 18% have incomes below 50% of the AMI. Ratio of household income to the area median income (AMI) is 31% of first-time buyers are married with children. 1.5. 31% One-person households are about 2x as likely to be male headed as + female headed. Single parent headed households are about 2x as likely to be female headed as male headed. Two-thirds of first-time buyers are white non-Hispanics. They have substantially higher incomes than first-timers: largely because move-up buyers are older than first-time buyers 11% 15% as we have seen, and because move-up buyers are very likely to have experienced income growth subsequent to the first home purchase. 11% are black non-Hispanics. 15% are white 2011, the National Association of Realtors found that the average home-seller had lived in their house for nine years. Hispanics. The percentage of first-time buyers that were previously renters is about: 区区 XXX 区区 XX 77% 17% bought a house that cost more than: Homes purchased had a median value of: $500,000 $150,000. while only 6% of first-time buyers could afford such a house. Two-thirds bought homes that cost less $200,000. The median square footage of homes is 1,500. 73% Almost 79% purchased single-family detached houses, 11% of these buyers purchased townhouses and another 11% purchased condominiums. purchased an existing house. 79% 27% 11% bought a new home. A11% 22% of move-up buyers have no mortgage. Almost 86% purchased an existing house, while the remaining buyers either bought a speculatively built home or a custom home. Among those with a mortgage about 60% are able to make at a 20% 60% downpayment. Once first-time homeowners made up nearly half of all existing-home sales, but they now make up 35 percent, according to a recentlyreleased National Association of Realtors The average and median household size for move-up households is virtually identical to first-time buyer households. герort. www.mountainseed.com MOUNTAINSEED http://www.trulia.com/blog/maricel_cobitz/2009/o1/why_people_rather_rent http://universe.byu.edu/index.php/2011/10/11/average-age-of-first-time-homeowners-remains-high/ %24 凶 区区 区