The article quoted below about the five traits of today's homesbuyers is very interesting and yet not neccesarily aligned with the homebuyer traits here in the District.
A survey by American Lives, a consumer research firm in California, conducted a study for the trade magazine Builder to answer that question. Here are their conclusions:
- They are young. Most are under 45. Half said they had annual household incomes of $75,000 or less. Two-thirds are married. >>>Most of our DC buyers fit the age profile highlighted in the article with the overwhelming majority in the under 45 age grouping. The incomes are higher in the District and the percentage that are married is significantly lower.
- They are frugal. They consistently told surveyors they were