The typical California home buyer is at least 48 years old
and more than half are married. They are primarily older home buyers due to our
economy. Older home buyers generally save a little more money than the average
younger home buyer. They also earn about $100K a year and graduated with a
college degree.
The age of the buyer continues to rise because of job
statuses and our economy.
There are home buyers in the age range of 35-44, but more
serious buyers are 48 years old.
The housing bubble imploded during late 2009 and slowly
increased in 2012, however, first-time buyers are still recovering and cannot
afford to own a home in 2014.
There is a decline in younger home buyers due to financial
problems and finding stability in 2014.
The typical California resident earns about $100K a year.
In the Los Angeles Metropolitan Area, the annual household income
is about $80K.
The housing affordability increases the chance of younger
home buyers to purchase a home, perhaps in the near future when they are
earning enough money.
There’s a steep decline since 2012. Prices were going up
very quickly.
Always Committed,
Connie
(310) 913-1184
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