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Realtor.com® Issues Winter Home Buyer Report

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The current purchase status of those surveyed includes the following:

28 percent of respondents reported that they are relocation buyers;
19 percent shared that they are existing homeowners downsizing to a smaller or less expensive home;
19 percent indicated that they are first-time home buyers;
15 percent revealed that they are current homeowners moving up to a bigger or more expensive home.

Amount of cash winter homebuyers are planning to use for their down payment:

13 percent of buyers are planning to put down 3.5 percent cash (United States Federal Housing Administration loan);
23 percent are planning to put down 10 to 20 percent cash;
22 percent are planning to put down 21 to 99 percent cash;
19 percent are planning to put down 100 percent cash.

Of those planning to use all cash, the respondents fall into the following categories:

29 percent of respondents are downsizing to a smaller or less expensive home;
26 percent are relocation buyers;
11 percent are moving up to a bigger or more expensive home;
11 percent are buying a vacation home.

For more information, visit http://realtor.com or http://move.com.

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