In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a house over the subsequent twelve. The report signifies the share of all buyers that shall be first-time buyers seeking to buy a house grew from 58% in This autumn 2018 to 63% in This autumn 2019.
The outcomes revealed,
“Millennials are the most definitely technology to be planning to purchase a house inside a year (19%), adopted by Gen Z (13%) and Gen X (12%)…Potential patrons in the youngest two generations are primarily first-time patrons: 88% of Gen Z consumers and 78% of Millennial buyers are reaching out to homeownership for the primary time of their lives.”
With a excessive demand from first-time homebuyers and a shortage of inventory within the current Dodge County market, selling your present house this 12 months is likely to be your finest move. Why? Because when Dodge County homebuyers start their search, they’re not all on the lookout for new construction|developments|buildings}. Many are keen to search out just a little charm and character in a place to name house – possibly yours.
Actually, in line with the identical study, there’s a important demand for current Dodge County homes:
“When it comes to the type of dwelling these prospective residence buyers are enthusiastic about, 40% want to purchase an existing house and 19% a newly-built house. The remaining 41% would buy either a brand new or existing dwelling.”
With showing activity up among Dodge County buyers and more new buildings coming to the Dodge County market, as a home-owner, you’ve the chance to list your present home now and transfer up into a new one, or downsize into a home that better suits your current and ever-changing wants.
Bottom Line
Not all Dodge County buyers are on the lookout for a newly constructed home. For those who’re able to make the most of low mortgage rates and a excessive demand for your current home, let’s get together to determine how we’ll market the charming particulars of your current house to potential Dodge County buyers.