The information in this report comes from NAR’s Profile of Home Buyers and Sellers, and is about the characteristics of families with children who are buying or selling a home.
Highlights:
- Fifty-three percent of buyers with children in the home under the age of 18 years said the quality of the school districts is an important factor when purchasing a home and 50% said convenience to schools.
- For buyers with children under the age of 18 years in the home, they purchased larger homes at 2,110 square feet in size with 4 bedrooms and 2 full bathrooms.
- For 26% of buyers with children, child care expenses delayed the home buying process.
- Compromises that were made by buyers with child care expenses include the size of the home, followed by price, lot size, and style of home.
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