Realtors®

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

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

You finally found the home that you have been searching for! Even though you are already picturing unpacking boxes and settling in, the purchasing process is not over just yet. It is time for you to make an offer on that home! As soon as the sellers receive this offer, that’s when the “fun” begins. It’s time for negotiations.

There are plenty of different tactics and ways of negotiating. An important key is being aware of who you are going up against from the beginning. Ask yourself: What kind of market am I in? Is this a buyer’s market or a seller’s market? Maybe it’s neither and it is an even market. Whether you are the buyer or the seller, you want to stand your ground in order to negotiate a successful deal. However, keep in mind that all of the

2018 is here! For anyone who is considering selling their home in 2018, we are going to dive into a great list of tips that will help your home sell fast and for the greatest amount possible.

One of the first things you should do is discuss in detail your options with whoever is involved in the selling of the home. Look at the homes for sale in your neighborhood to give you a rough idea of the anticipated sales price. A lot of our local folks are shocked at the value of their home in Raleigh thanks to demand and inventory levels.

10 Steps to Selling Your Home in 2018

• Make sure you're 100% ready to Sell
• Interview local Realtors to Help Prepare The Home
• Improve the Home to Maximize ROI
• Determine the RIGHT Listing Price

At Raleigh Realty, our number one goal is helping others – maybe you – find the home that they have always wanted. We believe our Buyer's Agents here in Raleigh-Durham are some of the best in the business. Whether it’s about finding your dream home or a great real estate investment, we are here to help guide and advise you on this whole process! 

One of the biggest financial moves of your life will be buying a home. Whether you are a first-time homebuyer or you’ve been through it before, it is always an exciting time in your life. There will be times of stress – and that’s where we come in! We want to help make this process as nonstressful as possible. This article will inform you the reasons on why it is beneficial to hire a buyer’s agent

FHA Loan Requirements: 5 Critical Facts + 17 Common FHA Questions

The FHA (Federal Housing Administration) is helping turn the American dream of homeownership into a reality. An FHA loan offers borrowers a greater opportunity at qualifying for a loan to buy a home by using a different set of requirements and guidelines that both protect lenders and give home buyers opportunity!

Table of Contents (Click each section to jump to it):

• What is an FHA Loan?
• What you Need to Know
• FHA Loan Requirements
• FHA Loan Limits
• FHA vs. Conventional
• Other Important FHA Tips
• 17 Common FHA Loan Questions Answered

Without further ado, let's dive in and discuss FHA loans in detail

What is an FHA Loan?

FHA loans are often one of the