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RealEstateNews.com writes, "Zillow’s latest trends report finds that, despite turbulence in the market, consumer traits and preferences are fairly stable — with some key exceptions.

Key points:

  • The 2024 Consumer Housing Trends Report reveals that buyer demographics have remained fairly consistent overall, but the share of first-time buyers has declined.
  • Buyers are continuing to fork out a higher percentage of the sale price for their down payment, but many are able to secure lower-than-average mortgage rates.
  • Staying within their budget and finding a home with air conditioning and the right number of bedrooms are top priorities.

The real estate market has experienced its share of ups and downs over the past few years, but when it…

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