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Tuesday, February 1, 2011

Now let‘s take a look at the home buying process for 2010

41% of all homes sold were on the market for less than one month

17% of all buyers purchased a home for less than 90 percent asking price

11% of all buyers purchased a home for more than 100% asking price

81% of all buyers were satisfied with the homebuying process

40% of all purchasers found the mortgage process more difficult than expected

92% of all purchasers were not rejected by a single lender

95% of all purchasers got a fixed-rate mortgage.

85% of all purchases are re-sales (78% in 2006).

12 miles was the average distance between current residence and new home

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