Profile of a U.S. Homebuyer


According to a recent survey conducted by Pollara Strategic Insights for BMO Harris Bank the following was provided outlining the typical U.S. homebuyer. Keep in mind the profile of a homebuyer is anything but typical and buying a home is a financial rite of passage. 
  • 58% of current homeowners bought their first home before they turned 30.
  • 74% of 18-34 year olds say they will buy a home in the next 5 years.
  • 63% of homeowners have owned one or two homes.

Motivations for home purchases include making a good investment, it’s a good time to buy and buying in a good neighborhood.

Emotional motivations for buying a home include being able to call somewhere my own, it gives them more stability and certainty and feeling like part of a community.

Warmest Regards,

Kevin Aizenshtat


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