According to National Association of Realtors® Report, first home buyers were driven by many forces, both internal and external. Their reasons for purchase included:
- Desire to own a home of my own
- Desire for larger home
- Job-related relocation or move
- Change in family situation
- Affordability of homes
- Desire to be closer to family/friends/relatives
- Desire for a home in a better area
- Retirement
- Desire for smaller home
- Desire to be closer to job/school/transit
- Establish household
- Greater number of homes on the market for sale/better choice
- Financial security
- Desire for a newly built or custom-built home
- Purchased home for family member or relative
- Tax benefits
Read more in our book, http://tinyurl.com/dy2wjx4.
