Earlier, I gave some insight to what first time home buyers looked like in 2014. Click here for this blog entry. We are now going to explore what the average repeat buyer looked like in 2014.
- The average age for a repeat buyer was 53.
- The median income of repeat buyers was $95,000 which compares to the median income of all buyers: $84,500.
- 84% of repeat buyers financed their home.
Repeat Buyers Marital Status
Children in Repeat Buyer’s Household
Reason for Purchasing a Home
Source: 2014 NAR Profile of Home Buyers and Seller