Survey reveals home prices drive first-time home buyers choice of home

dennis-norman-realtorSt. Louis car dealer Bommarito Auto Group’s tag line is “where price sells cars”….well, according to the results of a newly released survey, I think the same is true about the current real estate market…it’s “where price sells homes”.  The number one reason given for choosing the home purchased by first-time home buyers was price, according to the recently released 2011 American Housing Survey (AHS) by the National Association of Home Builders (NAHB).   Thirty-eight (38) percent of first-time home buyers said price was their key concern, followed by thirty (30) percent who gave proximity to work as their chief concern.

Repeat, or “trade-up” buyers, on the other hand focused more on the homes design and the neighborhood with thirty six (36) percent of trade-up buyers say the design of the home was their primary reason for selecting a particular house and twenty eight (28) percent said it was the looks and design of the community.

Are you thinking of buying or selling a home and want to make sure you are getting the best price? Click here and let us know…we have a staff of professionals ready to help you…

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