flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

Housing: Highlights from the NAR 2014 Profile of Home Buyers and Sellers

Advertisement
billboard -
Market Conditions

Housing: Highlights from the NAR 2014 Profile of Home Buyers and Sellers


February 23, 2015

More home buyers chose existing homes over new homes, the National Association of Realtor’s 2014 Profile of Home Buyers and Sellers reports.

The NAR annually conducts this survey of recent home buyers and sellers to provide insight into their experiences with the home buying and selling transaction.

This year’s report documented 33 percent of home buyers in 2014 were first time buyers, below the 40 percent historical average.

Existing homes had a greater share of sales than new homes, which only made up 16 percent of all recent home purchases. Those that purchased new homes reported that they wanted to “avoid renovations or problems with plumbing and electrical.”

Buyers of previously owned homes chose to do so because of a “better price and overall value,” and the “charm and character their home provides.”

Read the report at Realtor.org.

Related Stories

Remodeler Market Sentiment Edges Up Despite Challenges

Market continues to grow, but slower than 2022 

Remodeling Market Predicted to Contract by 2024

Harvard's Joint Center for Housing Studies projects that year-over-year spending on improvements and maintenance will decline 2.8% through the first quarter of 2024.

Large Stock of Aging Homes Signals Remodeling Growth

The majority of US housing stock was built before 1969

Working Hard for a Bright Remodeling Industry

Introducing the new NAHB Chairman Alicia Huey

Study Finds Remodelers’ Net Profits Declined

How far did net profits decline and what's influencing the drop?

Builders Focus on Remodeling as New Construction Declines

Some builders hope to benefit from remodeling's strength, giving a slight boost to new construction confidence

What's Your Game Plan for 2023?

Key industry influencers weigh in on what the future holds

2023 Game Plans: Year of Concerns and Opportunities

Remodeling industry Thought Leaders share their perspectives on growth, challenges, and plans for the new year

2023 Game Plans: Less Growth, More Marketing

Remodeling industry Thought Leaders share their perspectives on growth, challenges, and plans for the new year

2023 Game Plans: Larger Remodelers Benefit Most as Lead Times Shorten

Remodeling industry Thought Leaders share their perspectives on growth, challenges, and plans for the new year

Advertisement
boombox1 -
Advertisement
native1 -

More in Category




Advertisement
native2 -
Advertisement
halfpage1 -