The U.S. housing industry is reportedly in recovery mode after struggling for years after the official end of the 2009 recession. And, according to the APM program “Marketplace,” one key demographic group that could fuel the housing recovery now shows signs of re-entering the market as well: people under the age of 35. Last week, we asked you how old you were when you purchased your first house.
The results were as follows:
Under 25 17%
26-29 50%
30-34 22%
35-40 11%
One participant commented, “I bought my first house at age 30, sold it two years later for a 40% profit! Real estate is the best investment, always!”
Are you interested in taking the industry’s pulse on a particular topic? Send your suggestions for survey questions to Morgan Laidlaw at laidlawm@bnpmedia.com.
Many thanks to all of the ASI eNews readers who have participated in our surveys. Not an ASI eNews subscriber? Follow this link to sign up for your free subscription!