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Kenosha County First-Time Buyers Are Searching for Existing Homes This Year

Kenosha County First-Time Home Buyers Are Looking for Existing Homes In 2020

In the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a home over the subsequent 12 months. The report indicates the proportion of all buyers that can be first-time buyers seeking to purchase a house grew from 58% in This autumn 2018 to 63% in Q4 2019.

The results revealed,

“Millennials are the more than likely era to be making plans to purchase a house inside a 12 months (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 of their lives.”

With a excessive demand from first-time homebuyers and a scarcity of inventory in the current Kenosha County market, promoting your present residence this 12 months could be your best move. Why? As a result of when Kenosha County homebuyers begin their search, they’re not all searching for new construction|developments|buildings}. Many are eager to search out a bit of allure and character in a spot to call house – presumably yours.

In fact, in keeping with the same research, there is a significant demand for current Kenosha County homes:

“In terms of the kind of house these potential dwelling patrons are fascinated about, 40% want to purchase an present residence and 19% a newly-built home. The remaining 41% would purchase either a brand new or existing house.”

With showing activity up among Kenosha County buyers and more new buildings coming to the Kenosha County market, as a home-owner, you may have the opportunity to sell your current house now and move up into a brand new one, or downsize into a home that better matches your current and ever-changing wants.

Bottom Line

Not all Kenosha County buyers are on the lookout for a newly constructed house. When you’re ready to make the most of low mortgage rates and a high demand on your present dwelling, let’s get together to determine how we’ll market the charming details of your current house to potential Kenosha County buyers.

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