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Sunday, May 11, 2008

Who buys foreclosures?

Interest in purchasing a foreclosed home is rising rapidly, according to a survey conducted in April by Harris Interactive for Trulia.com, a real estate Web site.

Here's what the survey revealed about buyers who tend to be interested in buying a foreclosure:

>About 60 percent of single/never-married adults are more likely to be at least somewhat interested in purchasing a foreclosure.
>About 50 percent of men are likely to be at least somewhat interested compared with 51 percent of women.
>Younger adults, ages 18 to 34, are the more likely than other age groups to consider buying a foreclosure with 69 percent expressing interest.
>Only 32 percent of adults 55 and older are interested in buying foreclosures.

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