According to NAR’s [National Association of Realtors] latest figures,

 Did You Know: November 6, 2009, the increase in single

owner households in on the rise.  They attribute it to baby-boomers that

are widowed but staying in their home.  There has been an increase in

single women purchasing homes, per NAR’s stats, almost one-quarter of

first time home buyers were single females who purchased their first

home on a median income of $47,400.

 

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The national average for single occupant households is 28%.  This figure

is likely to rise after the results of the 2010 census is revealed in January.

This trend is good news for the small bungalows and ranch homes built

after World War II that are on the market today.  We have found that

condos and townhouses have great appeal to the single buyer, too.

It used to be unusual for people to live alone but is much more

accepted as the norm today.

 

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If you are looking for a home in the Grand Rapids Area, we service the following areas: Metro Grand Rapids, Ada-Cascade, East Grand Rapids, Caledonia, Kentwood, Lowell, and Rockford. We have assisted Grand Rapids buy & sell homes for the last 35+ years. Call 1-616-292-7263 to talk with Terry or email him at: terry@terrywestbrook.com.

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