Homebuyers: meaning, definitions and examples

🏠
Add to dictionary

homebuyers

 

[ˈhəʊmˌbaɪər ]

Definitions

Context #1 | Noun

real estate market

People who are looking to purchase a property for personal or investment purposes.

Synonyms

house purchasers, property buyers.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
homebuyers

Commonly used in everyday language and in general discussions related to purchasing a home, often in residential or real estate contexts.

  • The market is currently very favorable for first-time homebuyers.
  • Homebuyers often face tough competition in popular neighborhoods.

Examples of usage

  • Homebuyers are advised to research the market before making a decision.
  • Many homebuyers prefer to work with a real estate agent to find the perfect property.
Context #2 | Noun

mortgage industry

Individuals or families who are seeking a loan to purchase a home.

Synonyms

mortgage applicants, property purchasers.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
homebuyers

This term is commonly used in a general sense to refer to individuals or families who are in the process of buying a home. It's often used in the context of real estate markets, trends, or general discussions about purchasing homes.

  • Many first-time homebuyers are looking for smaller, more affordable houses.
  • The real estate market is opening up new opportunities for homebuyers.

Examples of usage

  • Homebuyers often need to provide proof of income to qualify for a mortgage.
  • The bank offers various mortgage options to help homebuyers finance their purchases.

Interesting Facts

Etymology

  • The word 'home' comes from the Old English 'ham', meaning 'dwelling or shelter'.
  • The term 'buyer' originates from medieval English and is connected to 'byh', which means 'to pay for goods'.

Economic Trends

  • Homebuyers influence housing market trends, with their demand affecting property prices.
  • In recent years, first-time homebuyers have faced challenges due to rising prices and competition.
  • Government incentives, like tax credits, have been introduced to encourage homeownership.

Cultural Significance

  • In many cultures, buying a home represents stability and success, often celebrated with rituals and gatherings.
  • The concept of 'home' varies globally; for some, it's a family house, and for others, it could be a village or community.

Psychology of Homeownership

  • Research shows that owning a home can improve emotional wellbeing and provide a sense of belonging.
  • Many people associate homeownership with personal identity and social status, which can drive their motivation to buy.
  • The decision to buy often involves deep emotional considerations beyond just financial aspects.

Pop Culture

  • The homebuying journey is a central theme in various films and TV shows, often representing the American Dream.
  • Reality shows about house hunting have surged in popularity, emphasizing personal stories of homebuyers.

Translations

Translations of the word "homebuyers" in other languages:

🇵🇹 compradores de imóveis

🇮🇳 घर खरीदने वाले

🇩🇪 Hauskäufer

🇮🇩 pembeli rumah

🇺🇦 покупці житла

🇵🇱 nabywcy domów

🇯🇵 住宅購入者

🇫🇷 acheteurs de maisons

🇪🇸 compradores de viviendas

🇹🇷 ev alıcıları

🇰🇷 주택 구매자

🇸🇦 مشترو المنازل

🇨🇿 kupci domů

🇸🇰 kupujúci domov

🇨🇳 购房者

🇸🇮 kupci nepremičnin

🇮🇸 húsakaupendur

🇰🇿 үй сатып алушылар

🇬🇪 სახლების მყიდველები

🇦🇿 ev alıcıları

🇲🇽 compradores de viviendas