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Created with Fabric.js 1.4.5 How have trends in home buying and selling changed in just 5 years? Changing Trends in Home Buying and Selling 2009 vs. 2014 2009 2014 47% 33% The typical first-time home buyer was 30 years old and had a median household income of $61,600. The typical first-time buyer was 31 years old and had a median household income of $68,300. Percentage of home buyers that viewed real estate agents as very useful and who used an agent while searching for a home 81% 98% The typical home buyer searched for 12 weeks and viewed 12 homes. The typical home buyer searched for 10 weeks and viewed 10 homes. 77% 88% Percentage of buyers that purchased their home through a real estate agent or broker This figure has increased steadily from 69% in 2001. 92% 88% 20% of first time buyers found the mortgage application and approval process was somewhat more difficult than expected. 26% of first time buyers found the mortgage application and approval process was somewhat more difficult than expected. Percentage of home buyers who financed their recent home purchase Share of home sellers who sold their home without the assistance of a real estate agent 11% 9% The typical home purchase was 1,800 sq. ft., built in 1991, and had a median purchase price of $175,000 in the Southern US. The typical home purchase was 1,870 sq. ft., built in 1993, and had a median purchase price of $207,000 in the Southern US. Percentage of recent home buyers that were first-time buyers
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