Blog :: 04-2014

Today's Homebuyer: Who, What and Where?

From hyperlocal to big picture: Understanding our market

At Better Homes and Gardens Real Estate The Shanahan Group, we love our local market. We spend lots of time looking at data on Winchester, Reading, Medford and our other surrounding communities. We believe that's where the really valuable information is and how we can track the real estate market real-time. There is value, however, in picking our heads up and looking at a broader picture of how our market compares to other areas of the country. Every year, the National Association of Realtors (NAR) prepares a report of Homebuyers and Homesellers. We dig through this report every year for a national picture of consumer trends.

 

Homebuyers: Who, what and where?

Below is a subset of that report, focused on Homebuyers by region of the U.S. This piece of the report is a really interesting look at buyers by region, breaking down buyers by age, type of property etc. Here are some of the things we found interesting:
  • New England's percentage of first time homebuyers is the highest at 45%, with the Mountain region being the lowest at 29%
  • The Mountain region saw the highest percentage of buyers purchasing multi-generational homes (17%), with New England and the North Central region having the lowest multi-generational home purchases (11%)
  • Single female homebuyers represent 19% of purchasers in the North Central region (highest) and only 13% in the Mountain region

Check out the full report here: Presentation: Profile of Home Buyers in Sub-Regions

 

BREAKING NEWS: National Recognition for The Shanahan Group!

...And the PAIGE award goes to...The Shanahan Group!

PAIGE_Logo

Better Homes and Gardens Real Estate The Shanahan Group announced today that it has received the brands national PAIGE Award. The distinction is bestowed to a Better Homes and Gardens Real Estate brokerage for above and beyond demonstration of the national brands core values through their commitment to passion, authenticity, innovation, growth and excellence. While these values are nothing new at The Shanahan Group, we are so honored to be recognized on a national level for our commitment to our business and our integrity to each other and our clients. Thank you to our amazing group of agents and staff that make our work fun and exciting. We especially thank our clients who expect the best from their real estate professionals and drive us to be better every day. No honor could be more important to us than one that recognizes our commitment to our values of passion, authenticity, innovation, growth and excellence. A final thank you to our Better Homes and Gardens Real Estate national colleagues for this recognition and continuous support of our business. PAIGE photo For more news from Better Homes and Gardens Real Estate The Shanahan Group, visit us here.