RISMedia's Real Estate Magazine

APR 2017

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/805428

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Page 106 of 134

102 April 2017 RISMedia's REAL ESTATE {Trending} A ccording to data from the National Association of REALTORS®, the share of single buyers was on the decline from 2011 to 2015, as there was more competition in the market from investment and vacation homebuyers. The share of single buyers rebounded in 2016, however, possibly signaling new developments for the future. But first, let us look back at historical trends. NAR tracks market changes in two of its flagship surveys, the Profile of Home Buyers and Sellers and the Invest- ment and Vacation Home Buyers Survey. In 2016, the Profile of Home Buyers and Sellers celebrated its 35 th anniversary, collecting data since 1981 and providing a historical perspective on how the share of buyer types have fluctuated over three-and-a-half decades. Histori- cally, married couples have always captured the highest share of home sales—at their peak in 1985, married couples purchased 81 percent of all homes that year, fol- lowed by single females at 10 percent, single males at 6 percent, and unmarried couples at 3 percent. Since that time, marriage rates have been on the de- cline. According to the U.S. Census Bureau, in 1981, 60 percent of Americans were married,[i] compared to 50 percent in 2016.[ii] As the marriage rate decreased over time, so did the share of married couples purchasing homes and single buyers started to rise, as reflected in the graph on the next page from 1985 to 2001. From 2003 to 2010, the share of married couples was at its lowest and the share of single buyers was at its Will Single Buyers Capture a Greater Share of 2017 Home Sales? by Amanda Riggs

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