First-time buyers or repeat buyers?
The Lawhead Team would like to share the latest “One Cool Thing” from the California Association of Realtors about first-time buyers and repeat buyers.
First-time buyers look for different things in a property than repeat buyers do. See what Californians list as the single most important reason for buying a home – from the first-time and move-up perspectives.
Better location
- 9% of first-time buyers
- 19% of repeat buyers
Larger home
- 10% of first-time buyers
- 23% of repeat buyers
Tired of renting
- 55% of first-time buyers
- 9% of repeat buyers
Change in family status
- 7% of first-time buyers
- 4% of repeat buyers
Source: CALIFORNIA ASSOCIATION OF REALTORS 2105 Housing Market Survey
