April 29th, 2016 | Home Purchase
The National Association of Realtors (NAR) 2015 Homebuyer Demographics has released their overview of homeowners with children.
Here's the breakdown:
Average age of parents - 36
Average Gross Income of Household - $100,000
27 percent are first-time homebuyers
Reason for home purchase - Better area, closer to schools, job relocation, larger home & desire to own a home
Types of homes purchased - 92 percent single family residences, 3 percent townhomes, one percent condominiums & 4 percent other home types