Pearl Realty | Pacific Northwest Real Estate Blog - Blog Archive: July, 2014

America's 132 Million Homes

How Old Are They Now? The median age of a home built in the United States is 40. In 1974, when those houses were built, interest rates on 30 year fixed mortgages averaged 9.1%, but the median existing home price was only $32,000!

Source: The U.S. Census Bureau's 2011 Housing Profile, published July 2013, which examines owner-occupied housing and homes in the single family, multifamily, and manufactured/mobile categories.

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The Most Incredible Real Estate Stats in 2014

There was a tipping point last year that will impact real estate marketing tactics in the near future.  When you consider that there were over 5 million residential sales last year the value of the online experience takes on a whole new meaning. This trend that is not going away anytime soon. While people still need a human touch to solidify their buying decisions, their information gathering process is now dominated by the digital tools we have all come to rely on.

Click through this slide show for some interesting statistics:


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