HIGH POINT — In its 2022 profile of home buyers and sellers, the Nationwide Assn. of Realtors reported a number of key statistics that might affect the house furnishings retail class in 2023 and past.
Notable insights from the 4,854 major residence purchaser respondents within the annual report embody a decrease variety of first-time homebuyers in contrast with the earlier yr and a median distance that greater than tripled for consumers shifting from a earlier house as small-town and rural properties grew in reputation.
A couple of-fourth (29%) of consumers bought houses in small cities final yr, adopted by 19% who bought in rural areas, the very best percentages ever recorded by NAR. Thirty-nine p.c of houses had been bought in suburban areas, and 10% had been bought in city areas, each declining from the earlier yr.
Married {couples} represented 61% of whole respondent consumers, adopted by 17% single feminine consumers, 9% male and 10% single {couples}. Multigenerational houses had been bought by 14% of respondents with consumers citing care of growing older mother and father, price financial savings or kids/family over the age of 18 shifting again house as a key consideration.
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