I recently came across a survey by American Lives, a consumer research firm in California, which conducted a study to answer the question what are some popular traits of today’s home buyers? Here is what they came up with:
They are young. Most are under 45. Half said they had annual household incomes of $75,000 or less. Two-thirds are married.
They are frugal. They consistently told surveyors they were eager to live a simple lifestyle.
They are concerned about their financial future. About 70 percent said the economy is “not so good” with 27 percent saying it was getting worse and 27 percent saying it was getting better, and two-thirds saying it would get better in a year. Some 55 percent said they were concerned that they might lose their jobs.
They see themselves as energy efficient but not necessarily “green.” About 32 percent said they’d pay extra for energy-efficient features but only 16 percent said they’d pay extra for recycled or renewable construction materials.
Neighborhood is important. Ninety-five percent said they thought the community was as important as the home itself. Seventy-nine percent wanted the most square footage they could afford, but 69 percent said they’d consider a smaller home in the right neighborhood.
And thank you for making me Your Orange County Real Estate Connection.
Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI
2007 President, Orange County Association of Realtors (949) 753-7900