Active military and veterans are an important part of the housing market, accounting for 21 percent of U.S. homebuyers this year, according to the National Association of REALTORS® (NAR) and its 2015 Profile of Home Buyers and Sellers. NAR’s Economists’ Outlook blog takes a closer look at the demographic of this sector of the market in “A Unique Home Buying Demographic: Active Military & Veterans.”
A few of the highlights:
- 41 percent used virtual tours
- 18 percent bought multi-generation homes
- Median income was $79,500
- Median home price was $223,000
In other headlines:
Real estate agents go high tech to sell homes -Chicago Tribune
Dos and Don’ts for a First-Time Home Buyer – NAR Daily Real Estate News
Chicago Ranks Sixth in US for Public Transit – Chicago Press Release Service
