Tuesday, March 01, 2005

More home buyers use the internet

A CAR (California Association of Realtors®) survey conducted
in March 2005 had some interesting findings.

Almost 2/3 of first time homebuyers used the internet as a significant part
of the home buying process. Interestingly, less than half of repeat home
buyers used the internet. I thought it would be fun to post some of the results
from the survey:

  1. Median age of internet home buyer was 39

  2. 9 out of 10 were married

  3. 85% had college degrees and had average income of $185,088 /annual

  4. 0% (yes zero percent) considered information found on the internet more
    important than information from their real estate agent

  5. Internet buyers spent 5 weeks less searching for the home they would
    eventually purchase than their non-internet user counterparts

So what have we learned here? 1.) call me. 2.) the internet is good 3.) all
those failed dot com-ers are buying houses using the internet but relying their
realtors more.