WASHINGTON (National Association of Home Builders) – An analysis by the National Association of Home Builders (NAHB) found differing priorities between first-time homebuyers and trade-up buyers.
According to the NAHB report “Characteristics of Home Buyers,” price and proximity to work are the most important factors to first-time homebuyers in their purchase decision.
About 38 percent of buyers in the study reported price as the primary consideration in their home purchase. Convenience to work was the top factor for 30 percent of first-time buyers.
The majority of trade-up buyers (36 percent), however, cited home design as most important.