Economists' Outlook

Housing stats and analysis from NAR's research experts.

A Few Green Features for St. Paddy’s Day

• Home buyers were recently asked about the importance of green features to their home purchase. Not surprisingly, features that directly affected home buyers' monthly energy costs were most important to buyers. Buyers found heating and cooling costs the most important, with 39% percent of home buyers reporting this was very important, followed by energy efficient appliances and lighting, each with 24% of buyers saying it was very important.
• Landscaping for energy conservation and environmentally friendly community features were somewhat less important to home buyers—however, half of buyers did find theses at least somewhat important.
• Buyers in the Northeast and the South placed higher importance on heating and cooling costs.
• Buyers who purchased homes that were built in more recent years placed more importance on all environmental features in comparison to buyers who purchased older homes.
• Hopefully buyers will have a little luck of the Irish this weekend finding the perfect home for them!
• For more information on this data, check out the Profile of Home Buyers and Sellers, here.

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