Miedema Realty, Inc

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REAL ESTATE STATS: Buyer Demographics Over the Last Decade

In the last decade, a lot has changed in the real estate industry from how buyers go through the process to how prices have changed while some things haven't changed like the median age of buyers, according to the National Association of Realtors.

Here's the ten year comparison:

  1. 1999: 37% of buyers searched for a home online. 2009: 90% of buyers searched for a home online.
  2. 1999: median home value is $137,600. 2009: median home value is $172,600 (but not that some reports reflect that when accounting for inflation, the value hasn't changed at all this decade).
  3. 1999: 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
  4. 1999: 46% of buyers choose suburban neighborhoods. 2009: 54% of buyers choose suburban neighborhoods.
  5. 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
  6. 1999 and 2009: the median age for buyers was 39.
  7. 1999 and 2009: "neighborhood quality, affordability, and convenience to work and school have consistently been top priorities."

Source: Lani Rosales, December 31, 2009, Agent Genius Blog

 

10 Things Not to Buy in 2010

Ten years ago, most homes relied on dial-up connections to access the Internet, and iPods, flat-screen TVs and the Nintendo Wii didn't exist.  As we begin 2010, consumers should expect to see more revolutionary products supplanting old mainstays.

 

Here's an interesting list of items according to MSN SMARTMONEY.COM that might not be around in ten years.

DVDs

The days of going to a video store to rent a movie are near an end.

Home telephone service

It will probably take a while, but home land lines could become as rare as the rotary phone.

External hard drives

Consumers who keep their computers for years and upload thousands of songs, videos, movies and photos at some point find that they need to get more space.

Smart-phone also-rans

In the past few years, several smart phones have hit the market with features similar to the iPhone and BlackBerry, but they haven't generated the same buzz.  iPhones and Blackberrys will rule the cell phone industry, others will most likely not.

Compact digital cameras

For nearly a decade, compact digital cameras were must-haves for most consumers. But during the past several years, another type of digital camera has been slowly rising in popularity: the single-lens reflex (SLR) camera. These cameras have better quality then the digital cameras.

Newspaper subscriptions

The past few years have been unkind to the publishing industry.

CDs

When was the last time you bought a CD or even walked into a record store? The past decade has been devastating to the record industry.

New college textbooks

Unless a student absolutely needs brand-new textbooks, she can use several alternatives to save.

Gas-guzzling autos

Skyrocketing gasoline prices made headlines late in the decade, and they remain volatile.

Energy-inefficient homes and appliances

Ten years ago, shopping for home upgrades involved looking at a product's functionality and aesthetics. Now, there's a third consideration: energy efficiency.

 

 

QOUTE TO CONSIDER.........

Action is the foundational key to all success.
           - Pablo Picasso

 

Remember to check out our listings at www.davidmiedema.com

 

Five Star Real Estate | 4249 Parkway Place Ste A , Grandville, MI, 49418 | 616-538-4800 - Unsubscribe

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