Dual income households are comprising a greater portion of the US housing market and helping sales recover, according to an annual study from the National Association of Realtors.
It shows that some 65% of all buyers are married couples, 16% are single women, 9% single men, 8% unmarried couples and 2% other. Percentages of single buyers were slightly higher in 2011.
However, just two years ago, 58% of buyers were married, 20% were single women, 12% single men and 7% unmarried couples and the overall market share of single buyers declined by 7% over the past two years. Before 2010, the market shares moved within a very narrow range, generally a percentage point or two.
Paul Bishop, NAR vice president of research, said the study is painting a clearer picture of the impact of mortgage limitations.
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