The National Association of REALTORS (NAR) 2023 Profile of Home Buyers and Sellers reveals key trends and demographics. First-time buyers constitute 32% of the market, with a typical age of 35. Married couples represent 59% of buyers, while single females account for 19%. The majority of buyers (70%) do not have children under 18. Multigenerational homes are bought by 14%. Detached single-family homes are the most common purchase. The primary motivations for buying are the desire for homeownership and changes in family or job situations. For more details, visit NAR Profile Highlights.

Buying a home can be complex, so don’t hesitate to seek professional advice. Real estate agents, mortgage brokers, and financial advisors can provide valuable insights and help you make informed decisions. Please give ME/US a call today to start planning your next move!