Tyler Minges Home Buyers Guide 2017 Home Buyers Guide | Page 8

5 | TODAY’S HOME BUYERS TODAY’S BUYERS ARE YOUNG EDUCATED DIVERSE 2 10% 35% 31% PARTNERED FEMALE GENDER 67% MARRIED MARITAL STATUS GEN X 23% GENERATION SINGLE 42% MALE Detached single family homes continue to be the most common type of home for recent buyers at 83 percent, followed by 20 percent of buyers choosing townhomes and 13 percent choosing condos. Tyler Minges, HUFF Realty | BUYER’S GUIDE TO REAL ESTATE 10% SILENT 65% The typical homebuyer is in their mid-to-late 30s or early 40s, married, college educated and looking for a single-family home. While most buyers are married, single and partenered buyers make up more than a quarter of all home buyers. 16% BOOMER MILLENNIALS 47% of buyers are first-time home buyers. 83% of buyers purchase a single-family home. 67% of first-time buyers cite the desire to own a home of one’s own as the reason for purchasing. 1