NOVA Homes Blog: Who's Buying Northern Virginia Real Estate? This Group!

Tuesday, September 3, 2013

Who's Buying Northern Virginia Real Estate? This Group!

More and more homebuyers have been entering the real estate market, looking for homes for sale in Northern Virginia. But who makes up this group of homebuyers? According to the National Association of Realtors, "more Americans are opting to live alone, with single buyers making up a quarter of all home purchases last year."

"In the U.S., there are 33 million one-person households, and living solo is an international trend," MSN Real Estate also reported.

But why are so many Northern Virginia homebuyers living alone? The fact, as determined by sociologists, remains that among this local real estate demographic, many of them are marrying later, divorcing more, and living longer.

It has also been determined recently that more homebuyers looking for Northern Virginia real estate are single women."Solo households are mostly women: 18 million women live alone versus 14 million men [with] the majority of solo households in cities and metro areas," one sociologist reported.

With more homebuyers being single and searching for real estate in Northern Virginia, the perk is being able to focus on lifestyles and how that translates into real estate— home features, home styles, and housing characteristics that play into a homebuyer's specific interests.

Agents say single person households may tend to be drawn to more low-maintenance homes, typically condos, and yet according to data, still place a high priority on buying homes in Northern Virginia that are in good school districts— for resale purposes.

The biggest challenge for single homebuyers is qualifying for a mortgage— do you fall into that category? If you're looking to buy a house in Northern Virginia and begin discussing your options for financing your new home, contact me today.

Let me show you the Best Real Estate in Northern Virginia and help you find your dream home!

Earle Whitmore

Long & Foster Real Estate, Inc.
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When you first meet Earle, she greets you with a firm handshake and a broad smile. She has a certain charm and friendly nature that immediately set you at ease. As you talk to her, she listens intently. You can see by the earnest look on her face that she’s already developing ideas and strategies to accomplish your goals. By the end of your conversation, you’re surprised that someone can have such a clear understanding of your needs after just one meeting. This is the essence of Earle’s real estate service. She’s a straightforward businesswoman who doesn’t let up until her clients are satisfied.
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Northern Virginia is a thriving area consisting of several communities that thrive with historical and cultural richness as well as physical beauty.
With all that the Northern Virginia area offers, there’s never a shortage of things to do, natural beauty and great schools. From the ocean to the mountains to the nation’s capital, this is a part of the country that has it all!
Earle has assembled some helpful resources to help you with finding your new home. From her comprehensive list of Local Links, her Home Style Guide, or hands on personal help, described below, you know you can count on Earle.