5 Lessons Learned from the 2018 Housing MarketPosted by West + Main Homes on
Super-low inventory and quickly rising prices largely framed this year’s housing market.
But a closer look at 2018’s buyers and sellers reveals other intriguing real estate trends, captured by a new report from the National Association of Realtors.
Here are five big takeaways:
Marriage not needed:
The share of married couple buyers hit the lowest point since 2010 at 63 percent. Single females made up the second-largest buyer group at 18 percent, following by single males at 9 percent and unmarried couples at 8 percent.
The decline in married couples reveals that marriage is no longer a prerequisite to buying a home. “You don’t need a ring,” says Jessica Lautz, director of demographics and behavioral insight for the NAR.
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