Repeat homebuyer annual income on the rise

This year’s typical repeat buyer in the U.S. was 53 years old and earned $96,600, notably higher than the $87,000 median reported in 2010 by the National Association of Realtors.

Repeat buyers purchased a median 2,100 square foot home costing $219,500, with an estimated median payment of $1,006, an annual survey revealed.

Seventy-eight percent of recent home buyers said their home is a good investment, and 45 percent believe it’s better than stocks. According to survey results, most buyers believe in the long-term value of home ownership.