LOCAL INDUSTRY STATS THRU JUNE 2011: Fort Wayne home sales reported in the area Multiple Listing Service (MLS) for the first 6 months of 2011 were down 19.04% from the same period in 2010. (North Eastern Group Realty sales are up 1%!) The average Fort Wayne home sales price is improving and was only down .85%....
16 Million new housing units will be needed in the next decade to accommodate population growth, immigration, the need to replace existing homes and demand for second homes.
90% of home buyers used the Internet to search for a home.
69% of consumers say now is a good time to buy a home.
Interest rates are at historic lows.
68% of home buyers are married couples, 17% are single females and 9% are single males.
In 2010, 50% of all home buyers were first time buyers, the highest percentage in 10 years.
Source: Buffini Real Real Estate report.
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