1. Profile of Home Buyers in Sub-regions
November 04, 2013
NAR Research

2. Introduction
Survey conducted with recent home buyers who purchased a home between July 2012– June 2013
Seller information gathered from those home buyers who sold a home
Mailed 148,011 questionnaires- response rate of 6.1%
Names obtained from Experian
Data in the presentation is based on medians or the typical buyer in the category and is not all encompassing

3. 11% bought multi-generational home
New England
Median
Household
Income
$88,700
Median
Age 38
11% bought multi-generational home
Reasons:
Cost savings-29%
Children over 18 moving back into house-23%
Health/caretaking of aging parents-23%
Spend more time w/aging parents-7%

4. 12% bought multi-generational home
Middle Atlantic
Median
Household
Income
$86,800
12% bought multi-generational home
Reasons:
Cost savings-33%
Children over 18 moving back into house-28%
Health/caretaking of aging parents-18%
Spend more time w/aging parents-11%
Median
Age 41

5. 11% bought multi-generational home
East North Central
Median
Household
Income
$75,600
Median
Age 40
11% bought multi-generational home
Reasons:
Children over 18 moving back into house-26%
Cost savings-23%
Health/caretaking of aging parents-14%
Spend more time w/aging parents-11%

6. 12% bought multi-generational home
West North Central
Median
Household
Income
$71,300
Median
Age 36
12% bought multi-generational home
Reasons:
Children over 18 moving back into house-38%
Health/caretaking of aging parents-20%
Cost savings-15%
Spend more time w/aging parents-14%

7. 12% bought multi-generational home
South Atlantic
Median
Household
Income
$87,200
Median
Age 45
12% bought multi-generational home
Reasons:
Health/caretaking of aging parents-24%
Cost savings-24%
Children over 18 moving back into house-17%
Spend more time w/aging parents-9%

8. 13% bought multi-generational home
East South Central
Median
Household
Income
$77,300
Median
Age 43
13% bought multi-generational home
Reasons:
Children over 18 moving back into house-37%
Cost savings-31%
Health/caretaking of aging parents-24%
Spend more time w/aging parents-7%

9. 15% bought multi-generational home
West South Central
Median
Household
Income
$86,500
Median
Age 42
15% bought multi-generational home
Reasons:
Children over 18 moving back into house-22%
Cost savings-22%
Health/caretaking of aging parents-19%
Spend more time w/aging parents-8%

10. 19% bought multi-generational home
Mountain
Median
Household
Income
$73,900
Median
Age 48
19% bought multi-generational home
Reasons:
Children over 18 moving back into house-26%
Cost savings-24%
Health/caretaking of aging parents-17%
Spend more time w/aging parents-4%

11. 17% bought multi-generational home
Pacific
Median
Household
Income
$96,300
Median
Age 44
17% bought multi-generational home
Reasons:
Cost savings-27%
Children over 18 moving back into house-20%
Spend more time w/aging parents-19%
Health/caretaking of aging parents-17%