Here’s some information from Apartment Tool Kits if you’re in the Real Estate or mortgage brokering business.
Survey According to Latest 2007 NAR Survey
- Purchase almost 40 percent of all residential real estate.
- They have been the leading edge of home sales since 1995.
- 51% married; 25% are single females; 11% are unmarried couples.
- Over 50 percent are between ages 25-34.
- Household Income – 38% make between $45,000 – $75,000.
- Race: 76% White/Caucasian – 10% African-American – 8% Hispanic – 6% Asian.
- 75% first time homebuyers lived in an apartment prior to buying 1st home.
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