{"id":16298,"date":"2018-03-15T10:12:29","date_gmt":"2018-03-15T18:12:29","guid":{"rendered":"https:\/\/www.hayden-homes.com\/?p=16298"},"modified":"2023-06-13T12:37:11","modified_gmt":"2023-06-13T20:37:11","slug":"blog-3-reasons-homebuyers-flock-new-homes","status":"publish","type":"post","link":"https:\/\/www.hayden-homes.com\/blog\/blog-3-reasons-homebuyers-flock-new-homes\/","title":{"rendered":"Over Half of Homebuyers consider new homes : 3 TOP Reasons Why"},"content":{"rendered":"

A study titled \u201cConsumer Housing Trends Report 2017<\/a> published by Zillow Group explored the ways that those living in America think about where they live, including how and where they buy and rent. We wanted to provide a summary of some of that data, focusing on what\u2019s drawing homebuyers to new homes. Three of the biggest factors<\/strong> that influence new home buying include location, appealing features, and income<\/strong>.
\n\"Statistics<\/a>
\nWhat We Know About Homeowners vs Homebuyers<\/strong>
\nFirst, a look into what we know about homeowners<\/strong> in America, including things like their reported ethnicity, marital status, income level, and more.
\nThe Zillow report explains that the majority of homeowners are Caucasian (76 percent) and married (68 percent). The median income for the average homeowner is just over $62,000 a year.
\nMost homeowners purchase a new home as an investment, and some even view their home as a \u201creflection of who they are personally. Nearly 90 percent of homeowners say that they have no plans to sell their home within the next three years. What\u2019s more, nearly 50 percent live in the first home that they purchased.
\nAs a note, the demographics of current homeowners and homebuyers are different. The report explains that the average homebuyer<\/strong> in America today is young and educated, and that the annual household income amongst homebuyers has increased to over $87,000.
\n\"Why<\/a>
\nThings that Draw Homebuyers to New, Never-Before-Lived-In Homes<\/strong>
\nSo, we know that homeowners want to invest in a home as part of their financial plan, and want to live in their home, but why do some people choose brand new homes<\/em> over older homes?
\nWhen looking at homebuyers\u2019 wants and needs, we\u2019ve found some key takeaways. Some of the key wants and needs of homebuyers today include:<\/p>\n