The median distance between the home that recent buyers purchased and the home they moved from was 50 miles.Senior-related housing held steady this year at 7% (for buyers over the age of 60), with 17% of buyers typically purchasing condos and 8% purchasing a townhouse or row house.Detached single-family homes continued to be the most common home type for recent buyers at 79%, followed by mobile or manufactured houses at 8%.Buyers who purchased previously-owned homes were most often considering better price at 31%. Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 41%.12% of buyers purchased a new home, and 88% of buyers purchased a previously-owned home.For first-time buyers, this number jumps to 62%. At 22%, the primary reason for purchasing a home was the desire to own a home of their own.22% of recent home buyers were veterans and 1% were active-duty service members.91% of recent home buyers identified as heterosexual, 2% as gay or lesbian, 2% as bisexual, and 5% preferred not to answer.The share of White/Caucasian buyers and Hispanic/Latino buyers both grew this year, while the share of other racial and ethnic groups declined. 88% of buyers were White/Caucasian, 8% were Hispanic/Latino, 3% were Black/African-American, 2% were Asian/Pacific Islander, and 3% identified as other.
14% of home buyers purchased a multigenerational home, to take care of aging parents, because of children or relatives over the age of 18 moving back home, and for cost-savings.Among first-time buyers, 18% of buyers were unmarried couples, and 5% were other household compositions.This is the highest share of unmarried couples recorded. 61% of recent buyers were married couples, 17% were single females, 9% were single males, and 10% were unmarried couples.The typical first-time buyer was 36 years old this year, rising from 33 last year, while the typical repeat buyer age climbed to 59 years.This is the lowest share of first-time buyers since the data collection began. First-time buyers made up 26%, down from last year's 34%.