• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar

Realty Solutions Group

Service Beyond Expectations

SearchClose

Bayfield County 1st Time Home Buyers Are Looking for Existing Homes In 2020

Bayfield County 1st Time Home Buyers Are Searching for Existing Homes In 2020

Within the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a house over the next twelve. The report signifies the percentage of all buyers that will probably be first-time buyers trying to purchase a home grew from 58% in This fall 2018 to 63% in This autumn 2019.

The results revealed,

“Millennials are the most certainly generation to be planning to purchase a house within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers within the youngest two generations are primarily first-time consumers:  88% of Gen Z patrons and 78% of Millennial consumers are reaching out to homeownership for the first time of their lives.”

With a high demand from first-time homebuyers and a scarcity of inventory in the present Bayfield County market, promoting your existing residence this 12 months is perhaps your greatest transfer. Why? Because when Bayfield County homebuyers begin their search, they’re not all looking for new construction|developments|buildings}. Many are keen to seek out a bit allure and character in a place to name residence – presumably yours.

In truth, in response to the identical research, there is a important demand for present Bayfield County homes:

“In terms of the type of house these prospective house patrons are enthusiastic about, 40% want to buy an present house and 19% a newly-built dwelling. The remaining 41% would buy both a brand new or existing residence.”

With showing activity up among Bayfield County buyers and extra new buildings coming to the Bayfield County market, as a house owner, you might have the opportunity to list your present home now and transfer up into a brand new one, or downsize into a home that higher fits your current and ever-changing wants.

Bottom Line

Not all Bayfield County buyers are looking for a newly constructed home. In case you’re able to take advantage of low mortgage rates and a excessive demand for your current home, let’s get together to determine how we are going to market the charming particulars of your current house to potential Bayfield County buyers.

Post navigation

« Barron County First-Time Buyers Are Searching for Existing Homes This Year
Brown County 1st Time Buyers Are Seeking for Existing Homes In 2020 »
Search for:

Recent Posts

  • What Record-Low Housing Inventory Means for You January 28, 2021
  • What Happens When Homeowners Leave Their Forbearance Plans? January 27, 2021
  • What’s the Difference between an Appraisal and a Home Inspection? January 26, 2021
  • Why Moving May Be Just the Boost You Need January 25, 2021
  • Financial Fundamentals for Homebuyers [INFOGRAPHIC] January 22, 2021

Recent Comments

    Archives

    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Move-Up Buyers
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org