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Boston real estate survey

The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report. 

Individuals ages 30-39 make up the largest population of home buyers at 26%. After that, 23% of buyers are between 40-49 years old, and 23% are 60 or older.

In general, the report shows that U.S. buyers are younger than homeowners who haven’t moved within the last year and older than the general renter population. 

In terms of income, buyers tend to make more than the overall U.S. population. The national median household income in 2019 was $65,700, but the annual median household income for buyers is about $86,000.

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Boston real estate survey

 

BOSTON — Despite double-digit declines in home values during the past three years, a new poll shows that the number of people who are concerned about housing costs in Massachusetts remains relatively steady.

The latest report from the UMass Donahue Institute and the Citizens’ Housing and Planning Association shows that 63 percent of adults in this state identified housing affordability as an issue of significant concern during a March phone poll. In 2006, about 66 percent of respondents said the cost of housing was an issue of significant concern, according to Aaron Gornstein, CHAPA’s executive director.

Source: Patriot Ledger

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