Real Estate Statistics for Home Buyers and Sellers

Home Buyer Statistics

First-Time Home Buyers made up 34% of all home purchases, with a median age of 32 years old and a median household income of $75,000.

Repeat Home Buyers made up 66% of all home purchases, with a median age of 54 years old and a median household income of $97,000.

The typical home purchased was 1,870 square feet in size and was built in 1991 with an average of three bedrooms and two bathrooms.

Among those who financed a home, the average was a total of 90% of the home's value.

87% of buyers purchased a home through a Real Estate Agent a percentage that has steadily increased from 60% in 2001.

89% of buyers who purchased a home would use their Real Estate

Each year Forbes puts together a list of America's fastest growing cities with a bunch of great data that helps consumers gain a better economic outlook on each city. We populated that data into the above infographic to give you a clearer picture of just how fast each city in America is growing here in 2018!

1. Boise City, Idaho

Boise City metropolitan statistical area growth:

Population growth 3.08% - Projected population growth 2.34%

Job growth 3.58% - Projected job growth 2.61%

Gross metro product growth 3.87% - Projected gross metro growth 5.12%

Wage growth 5.70% - Projected wage growth 7.27%

Home price growth 11.58% - Home price projected growth 4.38%

2. Seattle-Bellevue-Everett, Washington

Seattle-Bellevue-Everett

101 Real Estate Agent Tax Deductions

There are a lot of tax deductions Real Estate Agents are not using as tax write-offs. It's important to remember that anything you spend money on for your business as a Real Estate Agent can potentially be used as a tax write-off. Tax laws change often, so whether you're doing your own taxes or using a Certified Public Accountant you'll want to ensure you're using the correct write-offs. 

Recently, we put together an article on how much money Real Estate Agents make and decided to add to that resource with information on Real Estate Agent Tax Deductions!

We put together this checklist or cheat-sheet to help Real Estate Agents with their Tax Deductions. 

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Home Appreciation in Raleigh, North Carolina Area

This data compares home appreciation from the timeframe of July 2012-2013 to the timeframe of July 2017-2018

Raleigh

In Raleigh, homes have appreciated by 32% over the last 5 years. The average sales price between July 2012-2013 was $243,489 and five years later (July 2017-2018) it's $321,715. This represents a total appreciation of $78,226 for homeowners in Raleigh over the last five years.

The average days on market in Raleigh has decreased from 88 to 35. This is a significant decrease and only shows just how much buyer demand has increased locally.

Cary

Cary is largely a similar story to Raleigh in the fact that homes have appreciated by 26% over the last five years. While this

Common Questions Regarding How Much Commissions Real Estate Agents Make:

• How Much Do Real Estate Agents Make on Average a year?
• How Much Do Real Estate Agents Make Their First Year?
• Do Real Estate Agents Make Money By The Hour?
• How Much Do Real Estate Agents Make Per House?
• How Do Real Estate Agents Get Paid? 
• What Expenses do Real Estate Agents Have?

How Much Do Real Estate Agents Make on Average?

$38,067 is the average commissions' Realtors make each year.

One of the first questions people have before beginning a career as a Real Estate Agent is "How Much Money Does the Average Real Estate Agent Make?" The above infographic tells you exactly how much Realtors make as well as how those commissions are made. Many

Cary is a great city for anyone looking to live in a top rated town that offers excellent schools, weather and amenities! It's no wonder everyone is moving to Cary, NC.

10 Reasons to Love Living in Cary:

Check out the article below on moving to Cary, North Carolina!

10 Reasons you'll love Relocating to Cary, North Carolina!

There are a lot of reasons someone would want to move to Cary whether it's for the area, the great schools, the weather, or maybe the fact that Raleigh is ranked as the best place to raise a family.

Check out the available homes

Jump to the Best Neighborhoods in Durham:

• Brightleaf at the Park
• Carolina Arbors
• Chancellor's Ridge
• Downtown Durham
• Duke Park
• Fairfield
• Forest Hills
• Grandale
• Hope Valley Farms
• Northgate Park
• Parkwood
• Southpoint
• Treyburn
• Trinity Park
• Woodcroft
• Woodlake

Looking for more information on top neighborhoods in Durham, NC? Family, young professionals, retirees, there are great subdivisions in Durham for everyone and anyone! Aside from its neighboring city, Cary, Durham is the fastest growing city in North Carolina by percentage, ahead of Raleigh, Charlotte, and Greensboro. 

Durham is one of the fastest growing cities in the United States and is one of our focus areas. We absolutely love Durham, and

Some of the Best Home Warranties:

• AFC Home Club
• Choice Home Warranty
• American Home Shield
• Totalprotect
• Sears Home Warranty
• HomeServe
• Select Home Warranty

Your next home deserves a great home warranty and that's why we're detailing the basics on 7 of the top home warranty companies, nationwide.

The last thing a new homeowner wants to worry about after purchasing a new house is whether something will break. Sure, you have homeowners insurance to cover major disasters like fire or water damage, but what about the other parts of your house that could break down? What about your furnace? What about your electrical system? These are all vital to keeping your home up and running, and they're not covered under homeowners

The Best Neighborhoods in Raleigh, NC:

• Oakwood (Downtown)
• Cameron Village
• Boylan Heights
• Hayes Barton
• Mordecai
• Downtown
• Historic South Park
• North Hills
• Wakefield
• Falls River
• Brier Creek
• Five Points
• Stonehenge
• Six Forks
• Glenwood Ave
• Oberlin/Glenwood
• NC State

When it comes to buying a home, Raleigh is an incredible place to plant roots. The population is growing fast and consists of just under 500,000 residents. On average, there are 40 people moving to the Raleigh area daily and the county has a net growth of nearly 70 people per day. There are significant qualities that influence the influx of people wanting to call Raleigh home. Being a hub for various technology companies, finest academic

The Top Neighborhoods in Clayton, NC - What are They?

There are many neighborhoods and homes for sale in Clayton, NC. A lot of these neighborhoods would qualify as the best in town, depending on what type of home and neighborhood you were looking for. As a resident and as a Realtor in Clayton, NC, my years have experience give me a great background on the town! For some people looking to move to Clayton, it may be a golf community or an equestrian community or a planned development with lots of amenities. Some people looking for a home in Clayton don’t want any of the above but would rather find a small subdivision with large private lots and no HOA dues. Whatever the type of subdivision you’re looking for there’s a good chance you’ll find it in