Demographic characteristics of Home Buyers
Median age     44
First time Homebuyer age     32
Repeat Homebuyer age     52Largest share of Home Buyers by Age (CAR stats)
19 to 36 years     31%
37 to 51 years     39%
52 to 70 years     26%
71+ years     4%

Homebuyer Breakdown
Married Couples     66%
Single Females     17%
Single Males     7%
Unmarried Couples     8%38% of Buyers have children under 18 at home
11% of Buyers purchased a Multi-Generational homeHomebuyers consisted of:
First Time Homebuyers     35%
Repeat Homebuyers     71%

Expected Tenure in Home
First Time Homebuyers     10 years
Repeat Homebuyers     15 years

Buying Process
Looked online first     44%
Called an agent first     17%
Repeat Homebuyers were more likely to look online firstResources Used for the Home Search
Online websites and Realtors are the 2 most used resources for finding a home with
Used online websites     86%
Buyers also use their mobile or tablets for searching     72%
Did not use a Realtor     8%Search Process
Homebuyers found home on the internet     51%
Finding a home through a Realtor has shifted to the 2^nd source

Buyers Most Difficult Step
Finding the Right Home     52%
Paperwork     24%
Understanding the Process     17%
Reported No Difficulty     16%

Homebuyer Satisfaction
Very Satisfied     60%
Somewhat Satisfied     32%
Dissatisfied     8%Method Purchased
With Realtor     88%
Direct with Builder     6%
Direct with Owner     5%Finding an Agent
Used someone who was referred to them     42%
Used a Realtor they used previously     11%

7 out of 19 Homebuyers interviewed only 1 Realtor
23%  of First Time Homebuyers interviewed 2 Realtors