We found some fun facts about homeownership ~ we hope you find them as interesting as we do:
33% of the purchases of new and existing homes during 2014 have been made by first time buyers, the lowest percentage recorded in 27 years.
The average age of first time homebuyers is 31.
The Washington, D.C., region ranks as the most expensive place to live. Washingtonians spend, on average, nearly $28,500 on housing and related expenses annually, almost twice the national average of $16,887.
Millennials will be the largest cohort of home buyers in the coming years, with a current homeownership rate of 35.9%.
If homeownership rates of 2006 had been constant, there would be 2.4 million more first time home buyers today.
The younger generation is also spending 30% of their income on housing, which is less than what was seen the previous decade.
This fact just made us giggle - and go look in our cars.......
The average driver has almost $22 in spare change in his car, according to a poll of more than 3,500 drivers. That’s more cash than most Americans carry in their wallets, with 49% of Americans saying they carry $20 or less each day.
If you are ready to become a homeowner in Plano or Allen or any of the surrounding communities, contact us, we can help!
Helping you buy your home is our goal,
Getting you through the process is our expertise!