According to results from the 2011 NAR Profile of Home Buyers and Sellers Survey, consumers still believe in the value of home ownership.
Seventy-eight percent of recent home buyers said their home is a good investment, and 45 percent believe it’s a better investment than stocks.
Given the current restrictive credit environment, many buyers were much more cautious about their purchase and stayed well within their means; recent buyers had higher incomes and used modestly higher downpayments than buyers in the 2010 survey.
Recent buyers were also more likely to be married – 64 percent of all buyers were married couples, compared to 58 percent in 2010.
What matters in your area? The 2011 NAR Profile of Home Buyers and Sellers tracks demographic and psychographic trends in home buying, selling, financing, and using a real estate professional. Talk to a REALTOR® in your area about current buyer activity and how it compares to the national data. To request a media copy of the profile, contact NAR’s Public Affairs office.