In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the share of all buyers that might be first-time buyers seeking to buy a home grew from 58% in Q4 2018 to 63% in This autumn 2019.
The results revealed,
“Millennials are the most certainly era to be making plans to buy a house within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Potential consumers in the youngest two generations are primarily first-time buyers: 88% of Gen Z consumers and 78% of Millennial buyers are reaching out to homeownership for the primary time in their lives.”
With a excessive demand from first-time homebuyers and a shortage of inventory within the current Fond du Lac County market, promoting your existing home this year is likely to be your best move. Why? As a result of when Fond du Lac County homebuyers start their search, they’re not all looking for new construction|developments|buildings}. Many are eager to search out somewhat attraction and character in a spot to name dwelling – possibly yours.
In truth, in accordance with the identical examine, there’s a important demand for present Fond du Lac County houses:
“By way of the kind of dwelling these prospective house buyers are concerned with, 40% want to buy an present home and 19% a newly-built house. The remaining 41% would purchase either a new or current dwelling.”
With showing activity up among Fond du Lac County buyers and more new developments coming to the Fond du Lac County market, as a homeowner, you have the opportunity to sell your existing house now and transfer up into a new one, or downsize into a home that better suits your present and ever-changing wants.
Bottom Line
Not all Fond du Lac County buyers are in search of a newly built home. If you’re able to take advantage of low mortgage rates and a excessive demand on your present dwelling, let’s get together to determine how we’ll market the charming particulars of your present house to potential Fond du Lac County buyers.