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Welcome to Allen Tiernan Real Estate - Check out the most recent March 2010 News below:2009 Profile of Home Buyers and Sellers Illinois Report Characteristics of Home Buyers - Fifty-one percent of recent home buyers were first-time buyers, compared to 47 percent nationwide.
- The typical first-time home buyer was 29 years old, while the typical repeat buyer was 45 years old, nationwide first-time buyers were typically 30 and repeat buyers were typically 48 years old.
- The 2008 median household income of buyers was $78,200 this is slightly higher than the median income of buyers nationwide which was $73,100.
- Twenty-one percent of recent home buyers were single females, and 11 percent were single males. Nationwide, twenty-one percent of recent home buyers were single females, and 10 percent were single males.
- For 35 percent of recent home buyers, the primary reason for the recent home purchase was a desire to own a home.
Characteristics of Homes Purchased
- New home purchases were at the lowest level in eight years nationwide—down to 18 percent of all recent home purchases. This is reflective in Illinois—14 percent of homes were new.
- Sixty-seven percent of home buyers purchased a detached single-family home. The median price of home purchased was $198,000 compared to $185,000 nationwide. When considering the purchase of a home, commuting costs were considered very or somewhat important by 79 percent of buyers.
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Buyers |
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Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more. |
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Sellers |
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The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more. |
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