Saturday, May 10, 2008

Who Is Most Likely to Buy Foreclosures

Interest in purchasing a foreclosed home is rising rapidly, according to a survey conducted in April by Harris Interactive for, 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.

Source: (05/08/08)