Professional Documents
Culture Documents
Baby Boomers
downsizing and
swarming Florida
Millennials have
overtaken
Baby Boomers
Same share of
singles as
married couples
Investors,
19%
Primary
Home
Buyers,
65%
$110,000
$100,000
$98,000
$90,000
$88,500
$80,000
$70,000
$60,000
$74,600
$72,000
$66,300
$54,800
$50,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
All Buyers
Profile of Home Buyers and Sellers
First-time Buyers
Repeat Buyers
66%
60%
50%
40%
30%
22%
20%
17%
10%
8%
7%
2%
1981 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Married Couple
Single Female
Single Male
Unmarried Couple
Other
50%
50%
40%
35%
30%
30%
32%
20%
%
1981 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Rise in
rents
Flat
wages
Rise
student
loan debt
Rise in
home
prices
80%
60%
40%
20%
28%
18%
14%
0%
1981
1987
1991
1995
2000
Previously Owned
Profile of Home Buyers and Sellers
2003
2005
New
2007
2009
2011
2013
2015
71%
70%
60%
50%
40%
30%
13%
20%
5%
10%
10%
2%
%
Yes
No impact
Helped buy
home
Don't know
Don't want to
own a home
Don't know
33%
18%
7%
6%
%
10%
20%
30%
40%
89%
80%
60%
40%
20%
11%
Yes
Housing Opportunities and Market Experience (HOME)
No
All Buyers
First-time Buyers
Repeat Buyers
50
45
31
30
29
25
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2000
1997
1995
1993
1991
1989
1987
1985
1981
55
52
44
40
35 36
32
Children
18+ never
left
Spend time
w/parents
1 in 10
Bought
Multi-Gen
Home
Cost
savings
Children
18+
moving
back in
15% 12%
80%
4%
60%
40%
80% 81%
74%
20%
0%
1989 1993 1995 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Rented an apartment or house
Lived with parents, relatives or friends
Other
An active-duty
service
member
2%
Neither
80%
Prefer not to
answer, 7%
Gay or lesbian,
3%
Heterosexual or
straight, 90%
Condos &
small towns
resort
30% of buyers
70-90 years
old
Profile of Home Buyers and Sellers
15
14
12
10
10
4
2
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
First-time Buyers
Repeat Buyers
Profile of Home Buyers and Sellers
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2002
2000
1997
1995
1993
1991
1989
11
10
9
8
7
6
5
4
1987
1985
53% buyers
used agent
referred to
them/had
worked
w/before
2/3rds of
buyers/sellers
only contact 1
agent
Paperwork
24%
Understanding
the
process
17%
Saving for
the down
payment
13%
Getting a
mortgage
11%
No
difficult
steps
16%
2016 Profile of Home Buyers and Sellers
40%
88%
82%
69%
30%
20%
10%
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2002
2000
1997
1995
1993
1991
1989
1987
1985
1981
0%
15%
21%
Agent-assisted
Other
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2001
1999
1997
1995
1993
1991
1989
1987
1985
8%
3%
1981
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
instagram.com/narresearch/