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'96 Home-Buying, by the Numbers

March 16, 1997

Median Price

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Characteristic Los Angeles County Orange County First Homes $171,500 $174,800 Repeat Buyers $203,000 $235,600

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Median Household Income:

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Characteristic Los Angeles County Orange County First-Time Buyers $54,500$67,100 Repeat Buyers $82,500 $85,700

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Average Monthly Payment:

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Characteristic Los Angeles County Orange County First-Timer Buyers $1,230 $1,176 Repeat Buyers $1,465 $1,438

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Percentage of:

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Characteristic Los Angeles County Orange County First-Time Buyers 51.5% 36.7% Repeat Buyers 48.5% 63.3%

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Average Age:

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Characteristic Los Angeles County Orange County First-Time Buyers 32.4 years 31.1 years Repeat Buyers 42.9 43.8

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Number of Houses Looked at:

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Characteristic Los Angeles County Orange County 15.2 12.0

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Percentage who:

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Characteristic Los Angeles County Orange County Bought New Homes 9.7% 22% Bought Used Homes 90.3% 78%

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Average Time to Save Down payment

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Characteristic Los Angeles County Orange County First-Timer Buyers 3 years 3.2 years

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Source: "Who's Buying Homes in America," Chicago Title and Trust.

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