LAKE COUNTRY LIVING Oconomowoc WI, Waukesha County REMAX REALTY CENTER in WI 262-893-5555
Nestled in the heart of Wisconsin's Lake Country...Oconomowoc is a community that shines year round. Natural beauty and hard work have resulted in unique communities of safe streets, excellent schools, quality health care, progressive governments, a prosperous economy and an overall high quality of life - Welcome to the Oconomowoc area.
Oconomowoc’s location is idyllic for both rural and metropolitan interests and further, offers the best amenities of both. Just 35 miles west of Milwaukee, 5 miles east of Madison, and 120 miles north of Chicago, Oconomowoc is located in close proximity to some of the Midwest’s most esteemed cultural epicenters, as well as maintains a strong culture, vibrant economy and unmistakable smaller city charm all its own. The area includes the City of Oconomowoc, Towns of Oconomowoc, Okauchee,and Summit, and Villages of Dousman, Lac LaBelle, and Oconomowoc Lake.
Monday, January 28, 2019
Wisconsin Winter Wonderland and Land of the Frozen Tund
Friday, October 19, 2018
Wednesday, May 27, 2015
Friday, April 10, 2015
Friday, January 30, 2015
How are first-time homebuyers becoming more diverse?
How are first-time homebuyers becoming more diverse?
Posted in Economist Commentaries, by Brandi Snowden, Research Survey Analyst on January 21, 2015- Using data from NAR’s 2006-2014 Profile of Home Buyers and Sellers, we
can examine how the demographics of first-time homebuyers have changed
over the last 9 years. What do these numbers show us about the diversity
of buyers, and what insight can they provide for the future? - The demographic characteristics of first-time buyers overall has
remained consistent over the last 9 years with slight increases and
decreases.
- Since 2006 the distribution of first-time buyers’ household
composition has remained predominantly married couples, making up an
average of 52% of first-time buyers. - On average 22% of first-time buyers were single females and 12% were single males or unmarried couples.
Median Age of First-Time Buyers:
- The median age of first-time buyers has remained within a 3 year age gap between 30-32 years old.
- The average median age of first-time buyers since 2006 was 31 years old.
Racial and Ethnic Distribution of First-Time Buyers:
- The racial and ethnic distribution of first-time buyers has remained
predominately White/Caucasian, making up an average of 77% of
first-time buyers since 2006. - The averages of other races and ethnicities are:
- Black/African American: 8%
- Hispanic/Latino: 8%
- Asian/Pacific Islander: 7%
- Other: 3%
Country of Birth of First-Time Buyers:
- Since 2006 the number of first-time buyers who were born in the U.S.
has increased and then decreased settling back to 86% in 2014, the same
as in 2006. - On average 87% of first-time buyers were born in the U.S. and 13% were born outside of the U.S.
Primary Language Spoken by First-Time Buyers:
- Over the last 9 years, English has remained the primary language of first-time buyers.
- On average 7% of first-time buyers spoke other languages, while 93% spoke primarily English.
The Future of First-Time Buyers:
- While the demographics of first-time buyers over the last 9 years
have not necessarily seen great changes, there is still the outlook for
the future. - William Frey, of the Brookings Institution, recently published the
book “Diversity Explosion” which looks at the demographic future of
America. - Frey expounds that America is becoming a country with no racial
majority, with a dramatic growth of young minority populations expected.
- Frey predicts that sometime after 2040 there will be no racial
majority; this would ultimately change the demographics of the
first-time homebuyers moving towards greater diversity.
For more information on this research, check out the:
2014 Profile of Home Buyers and Sellers and William Frey’s book Diversity Explosion