Homebuyer Insights

By MNR News posted 08-20-2021 11:10

  

illustration of home search conceptsEarlier this year, Bank of America released their 2021 Homebuyer Insights Report, which surveyed 2,000 current and future homeowners. Here’s a quick overview of the report’s findings:

  • 51% of buyers aged 18-43, and around 33% of buyers aged 57-75, say community has become more important to them than ever
  • Homeowners were more likely than non-homeowners to say they like their neighbors – 42% vs. 29%
  • Homeowners were more likely than non-homeowners to say positive things about their neighborhood – 44% vs. 32%
  • 47% of prospective home buyers aged 18-43 say the importance of square footage has increased for them
  • 60% of prospective home buyers aged 18-43 are putting more weight on outdoor space
  • Respondents aged 18-43 say their home is now used as:
    • an office (45%)
    • a school (31%)
    • a movie theater (28%)
    • a gym (27%)
  • Respondents aged 18-43 expressed more desire for new technology in their homes:
    • smart or Wi-Fi-enabled security systems (51%)
    • solar energy products (42%)
    • smart or Wi-Fi-enabled appliances (44%)

 

Read the full report here.

0 comments
384 views