home *** CD-ROM | disk | FTP | other *** search
/ TIME: Almanac 1990 / 1990 Time Magazine Compact Almanac, The (1991)(Time).iso / time / charts / housing / housing.10 < prev    next >
Encoding:
Text File  |  1991-05-04  |  1.4 KB  |  34 lines
  1. Recent Home Buyers-General Characteristics & Downpayments:1977-1987     Item                Unit     1977    1980    1983    1985    1987 
  2.  
  3. Median price of
  4.    house purchased    Dollars  49,320  68,714  90,000  90,400  99,260
  5.   First-time buyers   Dollars  43,160  61,450  73,100  75,100  84,730
  6.   Repeat buyers(1)    Dollars  58,730  75,750 101,800 106,200 115,430
  7. Average monthly
  8.    mortgage payment   Dollars     361     599     794     896     939
  9.   Percent of income   Percent     250    32.4    32.5    30.0    29.3
  10.  
  11. Percent buying-
  12.   New houses          Percent    12.8    22.4    26.4    23.8    23.8
  13.   Existing houses     Percent    87.2    77.6    73.6    76.2    76.2
  14.   Single-family
  15.     houses            Percent    90.2    82.4    87.8    87.0    87.3
  16.   Condominiums(2)     Percent     9.8    17.6    12.2    10.6    12.5
  17.   For the first time  Percent    48.1    32.9    40.5    36.6    36.8
  18.  
  19. Average age of first-
  20.   time buyers         Years      28.2    28.3    28.9    28.4    29.6
  21. Average age of
  22.   repeat buyers(1)    Years      37.9    36.4    37.3    38.4    39.1
  23.  
  24. Downpayment to
  25.   sales price         Percent    28.1    28.0    22.9    24.8    27.2
  26.   First-time buyers   Percent    19.2    20.5    15.7    11.4    20.4
  27.   Repeat buyers       Percent    35.0    32.7    27.8    32.7    31.3
  28.  
  29.  
  30. 1. Buyers who previously owned a house.
  31. 2. Includes multiple-family houses.
  32.  
  33. Source:Chicago Title Insurance Company, Chicago, IL.
  34.