Security First Financial wants to keep you up to date with everything about the homebuying process. These stats from a recent report tell you about the people who are buying homes and what to expect from the experience.
*Note: The data in this report references a survey taken of homebuyers who purchased their home between July 2018 and June 2019.
Who’s buying homes?
Millennials bought more homes than any other generational classification, while the 40 to 54 age range had the most racially diverse group of homebuyers. Married couples made up 61% of homebuyers, making them the largest relationship demographic buying homes.
What homes are they buying?
Average Home Bought:
1,850 square feet
Was built in 1990
How did they finance those homes?
When you’re ready to talk financing, give us a call. We can help you sort through a variety of financing options, from traditional and adjustable-rate loans to VA, FHA, and USDA loans. We even offer financing options with no down payment.*
*Closing costs and fees may still apply.
How was their homebuying process?
While these stats show you a little about what to expect while house hunting, we know you may have questions about home financing. Our local Loan Originators can walk you through the financing side of the process and answer any questions you have.
If you’re ready to buy a home, have questions about the process, or want to learn about trends in your area, contact one of our local Loan Originators.
Original blog post by Primary Residential Mortgage Inc. https://www.primeres.com/about/blog/article/2020/07/27/recent-trends-in-shopping-for-a-home