Who’s buying, and When?

September 29, 2009

Ever wondered what the age of College Station homebuyers looks like?  Well, here’s the latest data to show Who’s buying, and When.

First of all, you have to throw out the fact that 64% of homes are “renter occupied”.  College Station will always have a large student/rental base.  But what age groups are buying for themselves and staying?  30.4% are under the age of 35, while 20.4% are between the ages of 35 and 44. The ages between 45 and 54 make up 21.4% of our home-buying population, and 14.4% are between 55 and 64.  The remaining percentages are rounded out for folks older than 65.

Here’s the most interesting number, however…70.1% of all those buyers have purchased within the period from 2000-2008, and things don’t seem to be slowing down for Stylecraft.  That 8 year period has seen 7 record years.  2009 looks to be the same, and we owe it all to our wonderful homeowners.

Bryan has seen a similar uptick in owner-occupied homes with 46.8% of them being purchased since the year 2000…almost double the preceding 10 year span.  The City of Bryan tends to have an older “owner occupied” homebuyer, with only 15.7% under the age of 35, and 25% between 35 and 44, while 53% of all homes are rented.

(numbers quoted from American Community Survey – U.S. Census Bureau)

Eric Walley

Senior Sales Executive

Stylecraft Builders

Advertisements

Job Loss

September 24, 2009

A decrease in the annual percentage rate of job loss indicates that July 2009 could be a turning point in the state of Texas’ economic downturn… Just another sign that the economy is poised for a rebound. While Texas is reversing the job loss trend, the nation seems to be leveling out. The U.S. economy lost 4.2 percent of its total nonfarm jobs from July 2008 to July 2009, the same rate as from June 2008 to June 2009, indicating a trend toward stabilization of the national economy. (according Dr. Mark Dotzour, Texas A&M Real Estate Center)
Eric Walley

Senior Sales Executive

Stylecraft Builders