Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

January 20th, 2011 1:22 AM
With all of the news you read about it being impossible to buy a home right now (which isn't true), you may also be wondering who are today's buyers?

The National Association of Realtors® annual survey of buyers and sellers finds that nearly half of the people buying homes are first-time homebuyers, who, on average, are approximately 30 years old. The typical repeat buyer, has bought a few homes , and is 49 years young.

You definitely don’t have to be part of a couple to buy a home. Were you aware that 20 percent of recent buyers were single women, while single men only make up 12 percent of the total.

The median household income of buyers in the survey was $72,000.00, with first-time homebuyers coming in at a median of $60,000.00 and repeat buyers with a median income of $87,000.00.

And why are they buying homes? Well, people obviously need a roof over their heads, but fully one third of buyers in the survey say their primary reason was simply because they wanted to be a homeowner.

Have you bought a home in the last 12 months?  If so, what was the reason you bought your home?  I welcome all of your comments!


Posted by Kelly L Whytock on January 20th, 2011 1:22 AMPost a Comment (0)

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