Episode 3: Today’s Homebuyers’ Survey
Over the last few years, homebuyer demographics have drastically changed. It’s important to know the overall homebuyers’ market profile to understand where there are opportunities. Homebuyers have more diverse preferences than ever before. They come in all shapes, sizes and with a variety of needs. This means that Realtors® must focus on understanding “psychographics” to find clients a home that suits their preferences and needs.
Listen to this episode hosted by Blaine Rada as he discusses the importance of statistics and shares his own real estate experience. Let's revive some Realtor relationships.
Tune in!
During this episode, you will learn about:
[00:31] Introduction to the episode.
[01:44] Today’s topic: Today’s homebuyers’ survey.
[21:31] Racial demographic of homebuyers.
[03:27] Statistics based on sexual and family orientation.
[05:16] Psychographic vs. demographic information.
[08:32] Blaine's experience buying a second home.
[10:43] Blaine’s experience with psychographics in selling homes, the importance of working with a top realtor in an area
[11:14] The statistics of people paying more than the asking price.
[13:13] The amount of time that people live in their homes.
[15:51] The down payment source for first-time and repeat homebuyers.
[18:14] Key nuggets to keep in mind.
[20:32] Ending the show.
Notable QuotesArchMI Podcast
Website: https://insights.archmi.com
LinkedIn: https://www.linkedin.com/company/arch-u-s-mortgage-insurance/
Instagram: https://www.instagram.com/archmi_us/
Twitter: https://twitter.com/archmi_us/
PolicyCast: Navigating the Homeowners Insurance Crisis
PolicyCast: "It's Supply, Stupid," a Conversation with NAHB CEO Jim Tobin
PolicyCast: Two Number Whisperers Foretell the Housing Horizon
PolicyCast: Unlocking the Data Driving Housing
PolicyCast: Mark Calabria: Do Fannie and Freddie Still Matter?
PolicyCast: How Housing Avoided Disaster during the Pandemic
PolicyCast: How to Solve the Affordable Housing Crisis
PolicyCast: Risks and Rewards of Small IMBs
PolicyCast: Housing’s Big Picture
Season 4, Episode 7: How to Choose the Right Realtor
Season 4, Episode 6: What Realtors Really Want
Season 4, Episode 5: Today’s Home Search and Mortgage Financing Survey
Season 4: Episode 4: Today’s Home Sellers
Season 4: Episode 2: The NAR Report: What it Means for the Housing Market
Season 4: Episode 1: Reviving Realtor Relationships
Season 3, Episode 6: We Perceive What We Believe
Season 3, Episode 5: The 4 A Formula
Season 3, Episode 4: 10 Steps to Sales Success: Five Key Questions
Season 3, Episode 3: 10 Steps to Sales Success: Five Must-Have Skills
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