In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a home over the following 12 months. The report indicates the proportion of all buyers that will probably 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 probably era to be making plans to purchase a home inside 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 consumers are reaching out to homeownership for the first time in their lives.”
With a high demand from first-time homebuyers and a scarcity of inventory within the current Green County market, selling your current house this yr is likely to be your best transfer. Why? As a result of when Green County homebuyers start their search, they’re not all searching for new construction|developments|buildings}. Many are eager to find just a little appeal and character in a spot to name home – probably yours.
In actual fact, in line with the same research, there is a significant demand for current Green County homes:
“By way of the kind of dwelling these potential house consumers are focused on, 40% want to purchase an current house and 19% a newly-built residence. The remaining 41% would buy both a new or present residence.”
With showing activity up among Green County buyers and more new buildings coming to the Green County market, as a house owner, you will have the opportunity to list your present house now and move up into a new one, or downsize into a house that higher fits your current and ever-changing needs.
Bottom Line
Not all Green County buyers are on the lookout for a newly constructed house. If you happen to’re ready to benefit from low mortgage rates and a excessive demand in your present house, let’s get collectively to find out how we are going to market the charming details of your present home to potential Green County buyers.