Thursday, February 4, 2010

Keller Williams First Time Buyers Study

Earlier this year, Keller Williams Research conducted a study of first time-buyers and here’s a few of the findings:

  1. The median age was 28, significantly down from where it was four years ago at 32.
  2. Location or Neighborhood was the No. 1 “must-have” for 36% of buyers.
  3. 25% saw 5 or less homes before writing an offer, the average buyer saw 10 homes.
  4. 2 out of 5 first-time buyers purchased a distressed property.
  5. 2 out of 3 sellers paid at least part of the buyer’s closing costs.
  6. 1 in 4 had help from their family for the down payment.

If you’re interested in learning more about the new tax credit or about homes in your area, please contact Wyatt at or call 405-417-5466.