2 019 Profile of Home Buyers and
HOME BUYERS FINANCING
45% OF ALL
88%
MASSACHUSETTS BUYERS IN 2019 WERE
FINANCED THEIR FIRST HOME PURCHASE
FIRST-TIME BUYERS MEDIAN AGE:
32
51%
15
RESPONDED STUDENT LOANS MAKE DOWNPAYMENT DIFFICULT
YEARS YOUNGER THAN NATIONAL MEDIAN
MEDIAN INCOME:
$119,600
HOME SEARCH PROCESS
INCREASED $12,700 IN MA SINCE 2018 INCREASED BY $2,800 IN US OVERALL
61%
MARRIED COUPLES
15% SINGLE FEMALES
% 10 11%
UNMARRIED COUPLES
SINGLE MALES
VETERANS
14% 2%
16%
AGENT TO BE USEFUL IN HOME 87% FOUND SEARCH PROCESS 93% PURCHASED THROUGH A REAL ESTATE AGENT
CHARACTERISTICS OF HOMES PURCHASED % 40 WANTED ABILITY
ACTIVE-DUTY SERVICE MEMBERS
3% INCREASE IN MA DRIVEN BY DESIRE TO OWN 37% PURCHASE A HOME 8% HIGHER THAN THE NATIONAL AVERAGE 8
Bay State REALTOR®
FIRST STEP WAS CONTACT A REAL ESTATE AGENT
NEW HOMES
7
%
TO CUSTOMIZE DESIGN FEATURES
TYPICAL HOME WAS
MILES BETWEEN HOMES THAT RECENT BUYERS PURCHASED AND THE HOMES THAT THEY MOVED FROM
10
1,750 SQ. FT. AND BUILT IN 1964
