In real estate, location is paramount. And for many buyers, proximity to work and public transportation are key factors in the selection of a neighborhood. According to a recent study of consumer housing trends, nearly half of all buyers want to be close to public transportation (45 percent), and nearly 7 in 10 want to be close to work.
Did you know that homeowners are now living in their homes 50 percent longer than they did in 2007? The National Association of Realtors says the average U.S. homeowner sells a home once every nine years. Previously, it was more frequently: once every six years.
This is one of the reasons most sellers today use a real agent: 88% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% since 2001.