The influence of family and friends can play an important role in a home buyer’s decision-making process. Data from the National Association of REALTORS® 2017 Home Buyer and Seller Generational Trends Report:
• 13% of single female buyers and 11% of married couples purchased their homes to be close to family and friends.
• When it comes to choosing a neighborhood‚ the convenience to family and friends was an influencing factor for 44% of single females‚ 36% of single males‚ and 36% of unmarried couples.
• 13% of buyers purchased a multi-generational home. Buyers’ average age was 53 years old; the typical size of the home was 2,100 square feet.As always‚ my goal is to share relevant industry information that can make a difference. Contact me today to assist you with your next client.