NAR’s 2020 Profile of Home Buyers and Sellers

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and examines:


  • Buyers purchasing after March were more likely to purchase a multi-generational home – 15% versus 11% who purchased before April
  • 14% of buyers who purchased in April or later said their transaction was delayed due to COVID-19
  • Sellers who closed in April or later were more likely to sell because their home was too small – 18% compared to 13% of those before April

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