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.
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
Realtor