In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a house over the following 12 months. The report indicates the percentage of all buyers that might be first-time buyers seeking to buy a house grew from 58% in This autumn 2018 to 63% in Q4 2019.
The results revealed,
“Millennials are the probably generation to be making plans to purchase a house within a year (19%), adopted by Gen Z (13%) and Gen X (12%)…Potential consumers within the youngest two generations are primarily first-time buyers: 88% of Gen Z buyers and 78% of Millennial patrons are reaching out to homeownership for the first time of their lives.”
With a excessive demand from first-time homebuyers and a scarcity of inventory within the current Douglas County market, promoting your present residence this year is likely to be your finest move. Why? Because when Douglas County homebuyers begin their search, they’re not all looking for new construction|developments|buildings}. Many are eager to seek out a little allure and character in a spot to call residence – presumably yours.
In actual fact, in line with the same examine, there’s a vital demand for current Douglas County homes:
“By way of the kind of house these potential residence buyers are curious about, 40% are looking to purchase an current residence and 19% a newly-built house. The remaining 41% would purchase both a new or existing residence.”
With showing activity up among Douglas County buyers and more new construction coming to the Douglas County market, as a home-owner, you’ve gotten the opportunity to list your existing house now and transfer up into a new one, or downsize into a house that higher suits your current and ever-changing needs.
Bottom Line
Not all Douglas County buyers are looking for a newly constructed home. For those who’re able to benefit from low mortgage rates and a excessive demand in your existing dwelling, let’s get collectively to determine how we’ll market the charming particulars of your present house to potential Douglas County buyers.