March 15, 2011

Michael Petruccelli asks; Who are the new Florida home buyers?

Michael Petruccelli says; Of recent home buyers who responded to the survey, 44 percent were first-time owners, compared to 50 percent nationwide. The typical first-time buyer was age 31, while the typical repeat buyer was 54; nationwide, first-time buyers were typically 30, and repeat buyer was 50. The 2009 median household income of Florida buyers was 463,300-slightly lower than the $72,200 median income of buyers nationwide. Of recent buyers, 19 percent were single females and 11 percent were single males. Nationwide, 20 percent of recent buyers were single females and 12 percent were single males.