Who buys Real Estate in Florida will surprise you.

If you ever wondered who buys real estate in Florida, here are some interesting facts from the 2016 Profile of Home Buyers and Sellers Florida Report and we found some interesting facts

• First-time buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent. In Florida, 22 percent were first-time buyers. 
• The typical buyer was 44 years old again for the third straight year in a row, and the median household income for 2015 rose again this year to $88,500. In Florida, buyers were 55 years old and have a median income of $83,900. 
• Sixty-six percent of recent buyers were married couples, 17 percent were single females, seven percent were single males, and eight percent were unmarried couples. In Florida, 68 percent were married couples, 14 percent were single females, nine percent were single males, and eight percent were unmarried couples. 
• Eleven percent of home buyers purchased a multi-generational home, to take care of aging parents, for cost savings, and because of children over the age of 18 moving back home. In Florida, that share was 12 percent. 
• Ninety percent of recent home buyers identified as heterosexual, three percent as gay or lesbian, one percent as bisexual, and seven percent preferred not to answer. In Florida, 88 percent identified as heterosexual, and four percent as gay or lesbian. 
• Eighteen percent of recent home buyers are veterans and two percent are active-duty service members. Twenty-eight percent are veterans and two percent are active-duty service members in Florida.
• At 31 percent, the primary reason for purchasing a home was the desire to own a home of their own. In Florida, this was 22 percent.

Guillermo Sanjurjo, Realtor®

Century 21 Continental Realty

guillermorealtor.com

source: Florida Realtors.org 2016 Profile of Home Buyers and Sellers Florida Report

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