Survey Identifies Home Shoppers’ Preferences in 2017

Ranch-style homes, large backyards and updated kitchens top shoppers’ wish lists this spring, according to realtor.com®’s home buyer survey. More than half of home seekers are looking for a three-bedroom home, while 75 percent of shoppers are considering a two-bathroom home.

The following are key findings of the realtor.com® home buyer survey:
•Large backyards, garages and updated kitchens top list of most searched attributes: All age groups are looking for some combination of a backyard, garage and updated kitchen.
•Ranch-style homes and kitchens rule in 2017: Ranch homes led shoppers’ rankings of desired home styles by far, with 42 percent of shoppers looking for a ranch home.
•Privacy ranks as shoppers’ top goal for buying, largely driven by buyers over age 45: This preference can be attributed to mostly buyers between 45 and 64 years old, for whom privacy tends to beat out other preferences such as stability, family needs, and financial investment.
•Millennial shoppers cite family needs as the primary reason for entering the housing market: As millennial buyers prioritize family needs, it is no surprise that most millennials cited life events like increasing family size and getting married or moving in with a partner as their primary triggers for finding a new home.
•Desire for single-family home rises with age: Among younger buyers, many of whom are buying starter homes, 40 percent of shoppers were looking for townhouses and row houses.

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