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!
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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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