Within the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the subsequent 12 months. The report signifies the share of all buyers that will likely be first-time buyers looking to purchase a house grew from 58% in This fall 2018 to 63% in This fall 2019.
The outcomes revealed,
“Millennials are the most definitely generation to be making plans to purchase a house inside a yr (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 patrons and 78% of Millennial patrons are reaching out to homeownership for the first time in their lives.”
With a high demand from first-time homebuyers and a shortage of inventory within the current Eau Claire County market, promoting your present house this year is perhaps your greatest transfer. Why? Because when Eau Claire County homebuyers start their search, they’re not all searching for new construction|developments|buildings}. Many are eager to find just a little allure and character in a place to call dwelling – presumably yours.
In actual fact, in accordance with the same research, there’s a vital demand for present Eau Claire County homes:
“By way of the kind of residence these potential dwelling buyers are desirous about, 40% need to purchase an existing home and 19% a newly-built residence. The remaining 41% would purchase either a brand new or current dwelling.”
With showing activity up among Eau Claire County buyers and extra new developments coming to the Eau Claire County market, as a house owner, you might have the opportunity to sell your existing house 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 Eau Claire County buyers are searching for a newly constructed home. If you happen to’re able to benefit from low mortgage rates and a high demand on your present residence, let’s get together to determine how we are going to market the charming details of your present house to potential Eau Claire County buyers.