real trends for today
Beth Pressler CRS GRI LTG
Toll Free 1.888.886.4060
Home Buying Trends 2000
This new millennium has brought several exciting advances to the homebuying industry.
Today, its not unheard of to shop for homes in the comfort of your living room...even BUY homes over the internet! This translates to the real estate industry keeping pace with consumer shopping habits.Real estate firms now offer websites that feature not only properties for sale, but resourceful information about mortgages, title searches, schools information, community data reports...and the list goes on and on.
The National Association of REALTORS® has surveyed consumers and recently reported its findings on their website, http://www.realtor.com.
1) Internet Search for Homes: Not surprisingly, this category took a huge jump from 1997 with only 2% of consumers using the internet to search for a home to 18% of consumers in 1999. These statistics are certainly in line with the enormous usage by the public in the internet in general. All age and socioeconomic groups are enjoying the internet as a resource...and the home search is no exception.
2) Factors in Home Purchase: This graph depicts the top factors that consumers use when searching for homes:
Typical Buyer & Seller Characteristics:
NAR (National Association of REALTORS®) Facts of Interest
NAR is the nation's largest trade association, known as "The Voice for Real Estate"
700,000 members involved in all aspects of the real estate industry
1,600 local boards/associations
www.realtor.com is the Web's largest real estate site
realtor.com lists approximately 1.2 Million homes for sale
Consumers visit realtor.com with over 90 millions home views per monthv
Information from National Association of REALTORS®/www.realtor.com
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