• Skip to content
  • Skip to primary sidebar

Realty Solutions Group

Service Beyond Expectations

SearchClose

Door County First-Time Home Buyers Are Looking for Existing Homes This Year

Door County 1st Time Buyers Are Searching for Existing Homes This Year

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 subsequent 12 months. The report indicates the percentage of all buyers that might be first-time buyers looking to buy a house grew from 58% in This autumn 2018 to 63% in This autumn 2019.

The outcomes revealed,

“Millennials are the almost certainly technology to be planning to purchase a house within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Potential patrons within 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 in the present Door County market, promoting your current residence this yr could be your best move. Why? As a result of when Door County homebuyers begin their search, they’re not all looking for new construction|developments|buildings}. Many are eager to seek out a bit of attraction and character in a place to name house – possibly yours.

In truth, in line with the same research, there’s a vital demand for current Door County homes:

“When it comes to the type of house these prospective house consumers are enthusiastic about, 40% are looking to buy an existing house and 19% a newly-built residence. The remaining 41% would buy either a new or present house.”

With showing activity up among Door County buyers and more new developments coming to the Door County market, as a home-owner, you may have the chance to sell your current home now and move up into a brand new one, or downsize into a home that better fits your present and ever-changing wants.

Bottom Line

Not all Door County buyers are searching for a newly built house. If you’re ready to reap the benefits of low mortgage rates and a excessive demand to your current home, let’s get collectively to find out how we will market the charming details of your current home to potential Door County buyers.

Post navigation

« Dodge County 1st Time Buyers Are Searching for Existing Homes In 2020
Douglas County First-Time Home Buyers Are Searching for Existing Homes In 2020 »
Search for:

Recent Posts

  • Things to Avoid after Applying for a Mortgage [INFOGRAPHIC] January 15, 2021
  • Why Right Now May Be the Time to Sell Your House January 14, 2021
  • Will Forbearance Plans Lead to a Tsunami of Foreclosures? January 13, 2021
  • 4 Reasons People Are Buying Homes in 2021 January 12, 2021
  • What Does 2021 Have in Store for Home Values? January 11, 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
    • 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