Information Sources Used in Home Search
Real estate agent - 90%
Yard sign - 71%
Internet - 77%
Newspaper Home book/magazine - 37%
Open house - 52%
Builders - 41%
Television - 24%
the typical FSBO home sold for $198,200 compared to $230,000 for agent-assisted home sales.
FSBO Methods Used to Market Home:
FSBO Methods Used to Market Home:
Yard Sign . . . 61%
Friends/neighbors . . . 46%
Newspaper ad . . . 37%
Open House . . . 29%
Internet . . . 17%
Most Difficult Tasks for FSBO Sellers:
Getting the right price . . . 14%
Understanding paperwork . . . 17%
Preparing/fixing up home for sale . . . 16%
Attracting potential buyers . . . 9%
Having enough time to devote to all aspects of the sale . . . 8%
Home Buyer & Seller Statistics Active home search (median):
Number of Weeks Searched - 8
Number of Homes seen -9
Method of Home Purchase: Agent/Broker - 77%
Builder - 12%
Direct from previous owner - 9%
Definitely would use same agent again: 66%
Actions taken as result of using Internet site:
Drove by/viewed a home - 75%
Walked through a home viewed online- 57%
Found agent used to search/buy home - 21%
Prior Living Arrangement Owned previous residence- 46%
Rented an apartment or house - 41%
Lived with parents, relatives or friends- 10%
Source: 2005 National Association of REALTORS® Profile of Homebuyers and Sellers
America's Housing Sector and the Economy
Source: 2005 National Association of REALTORS® Profile of Homebuyers and Sellers
America's Housing Sector and the Economy
In 2001, existing home prices appreciated at a rate of 6.3%, the largest increase in over a decade. The majority of studies indicate that households spend 30-40% of their disposable income on housing-related expenses. These expenditures assist in supporting other sectors of the economy. Nearly 70% of all tax revenues raised by local governments in the US derive from property taxes. Homeowners contribute roughly 43% of property taxes, and commercial property taxes contribute the remaining 57%. The National Association of Home Builders estimates that the construction of 1,000 single-family homes generates 2,448 full-time jobs in construction and related industries, $79.4 million in wages and $42.5 million in combined local, state and federal revenues and fees.
Source: The Importance of America's Housing Sector to the Economy. On Common Ground, Winter 2003.
In 1995, just 2% of home buyers used the Internet to look for a home. Last year, 77% of home shoppers went house-hunting online, and nearly one-fourth of buyers first found the property they bought on the Internet, according to the National Association of Realtors. Traffic on real estate websites jumped 8% in the past year — double the growth rate of Internet traffic overall, according to comScore Media Metrix.
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In 1995, just 2% of home buyers used the Internet to look for a home. Last year, 77% of home shoppers went house-hunting online, and nearly one-fourth of buyers first found the property they bought on the Internet, according to the National Association of Realtors. Traffic on real estate websites jumped 8% in the past year — double the growth rate of Internet traffic overall, according to comScore Media Metrix.
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