The Home Search Process/NAR Trends

2013 National Association of Realtors® Home Buyer and Seller Generational Trends

The Home Search Process

 Among all generations of home buyers the first step in the home buying process is looking online for properties for sale.

 Younger generations of buyers typically find the home they purchase through the internet, while older generations of buyers first found the home they purchased through their real estate agent.

 As ages increases the home buyer is less likely to consider purchasing a home in foreclosure.

 The frequency of internet use in the home search process was directly related to age. Younger buyers not only more likely to use the internet during their search, they use the internet more frequently during their home search process. Older buyers are more likely than younger buyers to be more occasional users during their home search.

 Home buyer satisfaction with the home buying process increases as age increases. This may be  due to not only tightened inventory in lower price brackets, but also realistic expectations of older buyers who are often repeat buyers.

2013 National Association of Realtors® Home Buyer and Seller Generational Trends

http://www.realtor.org/reports/home-buyer-and-seller-generational-trends