Real Estate Newsletter REAL ESTATE UPDATE
		CHARACTERISTICS OF HOME BUYERS For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. Characteristics of Home Buyers First time home buyers make up 33% of all home buyers.  The typical buyer is 47 years old 20% of recent buyers are veterans Characteristics of Homes Purchased Home prices increased slightly to a median of $257,000 amont all buyers  Buyers typically purchased their homes for 98% of the asking price Aspiring Buyers Among non-owners, 74% are currently renters; 26% currently live with someone else without paying housing costs 78% of non-owners believe homeownership is a good decision 81% of non-owners want to own a home in the future								DID YOU KNOW?         It's illegal to lick a frog in Los Angeles       address1, address2 Sitting Man Painting

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