President’s Day 2019: How Does the White House Compare to the Average Home?

President’s Day 2019: How Does the White House Compare to the Average Home?

In the spirit of President’s Day we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.

Typical Home Purchased in the U.S.

  • 86% of buyers purchased a previously owned home, with 82% of buyers choosing a detached single-family home.
  • Looking by first-time and repeat buyers, both also purchased detached single-family homes more often with 80% of first-time buyers and 83% of repeat buyers.
  • 51% of all buyers purchased their home in a suburb/subdivision.
  • The typical detached single-family home purchased was 1,980 square feet.
  • Recent homes purchased also had a median of 3 bedrooms, 2 bathrooms, and were built in 1991.
  • Among all buyers, the expected length of tenure in the home purchased was 15 years.

The White House

  • The White House was built in 1792, and in comparison is located in an urban or central area.
  • The White House contains 6 levels, has 132 rooms, including 35 bathrooms.
  • It also includes features such as: a tennis court, jogging track, swimming pool, billiard room, movie theatre, and bowling alley.
  • While tenure in the median expected tenure in home lasts around 14 years, in the White House the expected tenure is between 4 and 8 years.

For more information on this data check out the President’s Day Infographic and the 2018 Profile of Home Buyers and Sellers.

Home Buyer Households: Valentine’s Day 2019

Home Buyer Households: Valentine’s Day 2019

Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.

  • Among all recent home buyers, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
  • Four percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
  • Among first-time buyers, 54 percent were married couples, and 67 percent of repeat buyers were married couples.
  • Among first-time buyers, 16 percent were unmarried couples, and five percent of repeat buyers were married couples.
  • Among all home buyers, 82 percent purchased a detached single-family home, eight percent purchased a townhouse/row house, four percent purchased an apartment or condo.
  • Eighty-seven percent of married couples, and 83 percent of unmarried couples purchased a detached single-family home.
  • Married couples were typically 45 years old with a household income of $106,300. They typically purchased a home that was a median of 2,070 sq. ft., for $289,000.
  • Unmarried couples were typically 34 years old with a household income of $88,800. They typically purchased a home that was a median of 1,630 sq. ft., for $219,000.
  • Single females were typically 54 years old with a household income of $61,400. They typically purchased a home that was a median of 1,550 sq. ft., for $189,000.
  • Single males were typically 52 years old with a household income of $73,200. They typically purchased homes that were a median of 1,590 sq. ft., for $215,000.
  • Fifteen percent of all buyers were influenced to choose their neighborhood based on the convenience to a vet or outdoor space for their pet. 20 percent of unmarried couples chose their neighborhood based on the convenience to a vet or outdoor space for their pet.

For more information on how relationship status and household composition affects homeownership choices, check out the 2018 Profile of Home Buyers and Sellers and the Valentine’s Day infographic.

International Women’s Day

International Women’s Day

International Women’s Day is celebrated internationally on March 8th each year. It is a day to acknowledge the economic, political, and social achievements of women. In recognition of this day we can examine the profile of women REALTORS® using the 2017 Member Profile.

Women in Real Estate:

  • Women make up 63% of all REALTORS®, with 58% licensed as brokers/broker associates, and 68% licensed as sales agents.
  • Thirty-two percent of women members are between the ages of 50 and 59.
  • Women members were most likely to be married, at 67%, 18% were divorced, 9% were single/never been married.

Education:

  • 32% of women members have completed some college.
  • 30% hold a Bachelor’s degree, 13% hold an Associate’s degree,  and 11% hold a Master’s degree/MBA/law degree.

Real Estate Career:

  • For 76% of women members, real estate is currently their only occupation.
  • 60% of members who have been active as a real estate professional for 16 or more years are female.
  • In a typical work week 51% of women members work 40 hours or more.
  • Only 4% of female members have cited real estate as their first career.
  • Some of the previous occupations help by women members include:
    • Management/Business/Financial: 15%
    • Sales/Retail: 14%
    • Office Admin Support: 13%
    • Education: 8%
    • Homemaker: 7%
    • Healthcare: 6%

women's day

More information on REALTORS® is available in the 2017 Member Profile and the 2017 Choosing a Career in Real Estate report.

President’s Day 2018: How Does the White House Compare to the Average Home?

President’s Day 2018: How Does the White House Compare to the Average Home?

In the spirit of President’s Day we can use data from the 2017 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.

Typical Home Purchased in the U.S.

  • 85% of buyers purchased a previously owned home, with 83% of buyers choosing a detached single-family home.
  • Looking by first-time and repeat buyers, both also purchased detached single-family homes more often with 81% of first-time buyers and 84% of repeat buyers.
  • 51% of all buyers purchased their home in a suburb/subdivision.
  • The typical detached single-family home purchased was 1,930 square feet.
  • Recent homes purchased also had a median of 3 bedrooms, 2 bathrooms, and were built in 1991.
  • Among all buyers, the expected length of tenure in the home purchased was 15 years.

The White House

  • The White House was built in 1792, and in comparison is located in an urban or central area.
  • The White House contains 6 levels, has 132 rooms, including 35 bathrooms.
  • It also includes features such as: a tennis court, jogging track, swimming pool, billiard room, movie theatre, and bowling alley.
  • While tenure in the median expected tenure in home lasts around 14 years, in the White House the expected tenure is between 4 and 8 years.

 

For more information on this data check out the President’s Day Infographic and the 2017 Profile of Home Buyers and Sellers.

 

Home Buyer Households: Valentine’s Day 2018

Home Buyer Households: Valentine’s Day 2018

Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.

  • Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent were unmarried couples, and seven percent were single males.
  • Three percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
  • Among first-time buyers, 57 percent were married couples, and 69 percent of repeat buyers were married couples.
  • Among all home buyers, 83 percent purchased a detached single-family home, seven percent purchased a townhouse/row house, four percent purchased an apartment or condo.
  • Eighty-seven percent of married couples, and 84 percent of unmarried couples purchased a detached single-family home.
  • Married couple buyers were typically 44 years old with a household income of $101,500. They typically purchased a home that was a median of 2,050 sq. ft., for $269,000.
  • Unmarried couple buyers were typically 34 years old with a household income of $84,100. They typically purchased a home that was a median of 1,680 sq. ft., for $201,000.
  • Single female buyers were typically 52 years old with a household income of $62,300. They typically purchased a home that was a median of 1,530 sq. ft., for $185,000.
  • Single male buyers were typically 51 years old with a household income of $74,000. They typically purchased homes that were a median of 1,530 sq. ft., for $175,200.

home buyer demographics

For more information on how relationship status and household composition affects homeownership choices, check out the 2017 Profile of Home Buyers and Sellers.