Within the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a house over the next twelve. The report indicates the percentage of all buyers that will likely be first-time buyers seeking to purchase a house grew from 58% in This autumn 2018 to 63% in This fall 2019.
The results revealed,
“Millennials are the more than likely generation to be planning to buy a home within a yr (19%), followed by Gen Z (13%) and Gen X (12%)…Potential consumers within the youngest two generations are primarily first-time patrons: 88% of Gen Z buyers 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 scarcity of inventory within the present Juneau County market, promoting your existing dwelling this year could be your best transfer. Why? Because when Juneau County homebuyers begin their search, they’re not all in search of new construction|developments|buildings}. Many are eager to search out slightly attraction and character in a spot to call dwelling – probably yours.
The truth is, in keeping with the identical research, there’s a significant demand for present Juneau County properties:
“In terms of the kind of home these prospective house consumers are fascinated by, 40% wish to purchase an current residence and 19% a newly-built house. The remaining 41% would buy either a brand new or current dwelling.”
With showing activity up among Juneau County buyers and more new construction coming to the Juneau County market, as a house owner, you might have the chance to list your current house now and move up into a brand new one, or downsize into a home that better matches your present and ever-changing needs.
Bottom Line
Not all Juneau County buyers are looking for a newly built house. When you’re ready to reap the benefits of low mortgage rates and a excessive demand in your present dwelling, let’s get together to find out how we’ll market the charming details of your current home to potential Juneau County buyers.