s m 2008 n a r stats

2008 National Association of Realtors Profile of Home Buyers and Sellers2008 National Association of Realtors Profile of Home Buyers and Sellers2008 National Association of Realtors Profile of Home Buyers and Sellers

2008 National Association of Realtors

Profile of Home Buyers and Sellers

2008 National Association of Realtors Profile of Home Buyers and Sellers

81%

Of Buyers And Sellers

Used A REALTOR®


41% Of Buyers Were

First-time Home Buyers


The Typical First-time Buyer

Was 30 Yrs Old

While The Typical Repeat Buyer

Was 47 Yrs Old


21% Bought New Homes,

Down From 23%


80% Said The Commute

Was Very Important

When Considering A Home



What Do Buyers And Sellers Want From Real Estate Agents?

48% Find the right houseOther 3%

Help Financing 3%Determining how much to afford 3%

Help Buyer Negotiate Terms Of Sale 13%

Help With Paperwork 9%

Determining What Comps Are Selling For 7%

Help With The Price Negotiations 14%


The Number One Trait People

Look For In

A Real Estate Agent?

One They Can Trust


81% Of Sellers

Favor A Full Service

Real Estate Brokerage



81% Of Buyers

Purchased A Home Using

A Real Estate Agent


That’s Up 54% From Last Year!


43% Of Buyers

Found Their Agent Through A

Friend Or Family Member



70% Of Buyers

Would Definitely Use

Their Real Estate Agent Again Or

Recommend Them To Others



85% Of Sellers

Would Definitely Use

Their Real Estate Agent Again Or

Recommend Them To Others



93% Of Home Buyers

Financed Their

Home Purchase



Nearly Half Of Home Buyers Reported

They Have Cut Back On Luxury Items,

Entertainment And Clothing To

Qualify For A Mortgage



One Quarter Of

First-time Home Buyers Reported

That The Mortgage Approval Process

Was More Difficult Than Expected



One Fifth Of Home Sellers

Traded Down To A Smaller And

Less Expensive Home



Over Half Of Home Sellers

Traded Up To A Larger And

Higher Priced Home



More Than 92% Of

Home Buyers Under 44

Used The Internet To Search

For A Home In 2008



8 Out Of 10 Buyers

45-64 Years Old

Used The Internet To

Search For Homes



In 1995, 2% Of

All Home Buyers


For A Home



By 2008, 87% Of

All Home Buyers


For A Home



3 Out Of 4 Home Buyers

Drove By Or Viewed A Home

They Saw Online



81% Of Buyers Said

The Internet Was A

Very Useful Tool To Search

For A Home



Buyers Cited

The Internet & Real Estate Agents

Equally

As The Most Useful Tools When

Looking For A Home



Three Times As Many Buyers

Found Their Home Online In 2008

Than They Did In 2003



In Fact, More Buyers Find

Their New Home

Through The Internet



Than


Newspaper,

Home Books,

Direct Connection With Seller

And Yard Signs

Combined


Over 78% Of All Homes

Use Broadband



There Are Hundreds Of Millions

Of Queries On Google

Every Day

SearchEngineWatch


The First SMS Text Was Sent In

1992

http://en.wikipedia.org/wiki/Text_messaging


Today, The Amount Of

Text Messaging Exceeds

The Population Of The Planet

Every Day

http://thefischbowl.blogspot.com/2007/06/did-you-know-20.html


The Number Of Internet Devices

In 1984

1000

http://thefischbowl.blogspot.com


The Number Of Internet Devices

In 2008

Over 1,000,000,000

http://thefischbowl.blogspot.com


Change Is Good

s m 2008 n a r stats

Business