Home | Newsletter | Advertise
loading...

35: The Magic Age of the Move-Up Buyer

  • January 4, 2013

by UrbanTurf Staff

35: The Magic Age of the Move-Up Buyer: Figure 1

The talk these days in real estate circles usually focuses on first-time buyers. But what about homeowners that are looking for their second house?

The Wall Street Journal published a piece in Friday’s paper that pegs the age that homeowners want to start looking for a larger place at 35. In 2012, the 35 to 44-year-old age group saw the largest jump in home purchases among all age groups.

From the article:

Homeowners in the move-up group are typically looking to stay in their home for 10 to 15 years, compared with the three to five years for starter homes. “They’re looking at the market and saying, ‘The house I bought 10 years ago is not my dream home. I have a bigger family and now I can sell,’ “ says John T. Altman, a real-estate broker in San Diego.

While the number of move-up buyers increased notably, young, presumably first-timers made up the majority of purchasers — 45 percent of buyers in 2012 were between the ages of 25-34.

This article originally published at http://dc.urbanturf.com/articles/blog/35_the_magic_age_of_the_move-up_buyer/6475

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse