Relationships, Real Estate Go Hand-in-Hand
Relationship status may affect when and where buyers purchase a home and how much they spend on a home, according to a new infographic from the National Association of REALTORS®.
Read more: Men vs. Women: How They Differ in Real Estate
NAR analyzed the median age, income, and size of home purchased for married couples, unmarried couples, single men, and women.
Researchers found that married couples tend to spend the most on their home purchase, averaging $240,000. Unmarried couples average $186,600 on their home purchase, followed by single males who spend $173,700 and single females who spend $153,600.
Researchers also identified the following most important neighborhood features among the groups:
Single females: convenience to friends and family
Single males: convenience to entertainment/leisure activities
Unmarried couples: affordability
Married couples: quality of and convenience to school district
Take a look at the infographic below to learn more about how the relationship groups differ on their housing tastes.
Additional highlights from the survey can be found in NAR’s 2014 Profile of Home Buyers and Sellers.
