Within the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a house over the next 12 months. The report indicates the share of all buyers that shall be first-time buyers looking to purchase a house grew from 58% in This fall 2018 to 63% in Q4 2019.
The results revealed,
“Millennials are the almost certainly era to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time buyers: 88% of Gen Z consumers and 78% of Millennial patrons are reaching out to homeownership for the primary time in their lives.”
With a high demand from first-time homebuyers and a shortage of inventory within the present Ashland County market, selling your current house this year is perhaps your best transfer. Why? Because when Ashland County homebuyers begin their search, they’re not all in search of new construction|developments|buildings}. Many are keen to search out a bit of allure and character in a place to call home – presumably yours.
In actual fact, in response to the same examine, there is a important demand for existing Ashland County homes:
“In terms of the kind of residence these potential house buyers are desirous about, 40% are looking to buy an current residence and 19% a newly-built house. The remaining 41% would buy either a brand new or present residence.”
With showing activity up among Ashland County buyers and extra new construction coming to the Ashland County market, as a home-owner, you’ve the opportunity to sell your current home now and move up into a new one, or downsize into a home that better fits your current and ever-changing needs.
Bottom Line
Not all Ashland County buyers are looking for a newly constructed home. For those who’re able to take advantage of low mortgage rates and a high demand in your current house, let’s get collectively to determine how we will market the charming details of your current home to potential Ashland County buyers.