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Veterans and Active Military Home Buyers and Sellers Profile

May 3, 2016

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In the 2015 Profile of Home Buyers and Sellers, for the first time recent buyers and sellers were asked the following in the questionnaire: “Are you or your spouse or partner currently: 1) an active-duty service member; 2) a veterans; or 3) neither.” Of all home buyers, 18 percent identified as veterans and three percent as active-military. Of all home sellers, 21 percent identified as veterans and one percent as active-military. Collecting the question allowed greater insight into how each population of buyers and sellers differs and is similar to those who have never served in the military.

Highlights:

  • 18% of veterans were first-time home buyers and 38% for active-service military.
  • Detached single-family homes continue to be the most common home type for all recent buyer types. 19% of veterans bought new homes as did 21% of active-servicea military.
  • The primary reason for the home purchase for active-service military was a job relocation at 33%. Veterans were more likely to want to be closer to friends and family (14%) and retirement (11%).
  • 85% of veterans and 86% of active-service military purchased their home through a real estate agent.

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