- About 60 percent of single/never-married adults are more likely to be at least somewhat interested in purchasing a foreclosure. People who are single just tend to have less obligation towards finding a nice house now. They don't have a problem purchasing something that may need to be fixed up. Providing adequate housing for their family is not the number one concern for single people.
- Younger adults, ages 18 to 34, are the more likely than other age groups to consider buying a foreclosure with 69 percent expressing interest. Many in this demographic area are also single. They're young and looking for a deal.
- Only 32 percent of adults 55 and older are interested in buying foreclosures. Older people are just not as motivated to try something new.
Friday, May 9, 2008
Who is looking to buy foreclosures?
A recent survey by Trulia helped determine a little more about who is more willing to buy, or at least look at foreclosures.