• Skip to content
  • Skip to primary sidebar

Realty Solutions Group

Service Beyond Expectations

SearchClose

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

Lafayette County First-Time Home Buyers Are Searching for Existing Homes In 2020

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

The results revealed,

“Millennials are the most definitely technology to be planning to buy a home within a yr (19%), adopted by Gen Z (13%) and Gen X (12%)…Prospective patrons within the youngest two generations are primarily first-time consumers:  88% of Gen Z consumers and 78% of Millennial buyers are reaching out to homeownership for the first time in their lives.”

With a excessive demand from first-time homebuyers and a scarcity of inventory in the present Lafayette County market, selling your current residence this yr is perhaps your best move. Why? Because when Lafayette County homebuyers start their search, they’re not all on the lookout for new construction|developments|buildings}. Many are keen to find just a little attraction and character in a spot to call house – possibly yours.

In actual fact, in line with the same examine, there is a important demand for existing Lafayette County properties:

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

With showing activity up among Lafayette County buyers and more new construction coming to the Lafayette County market, as a homeowner, you’ve the opportunity to list your existing home now and move up into a brand new one, or downsize into a home that better suits your current and ever-changing wants.

Bottom Line

Not all Lafayette County buyers are in search of a newly constructed home. When you’re able to make the most of low mortgage rates and a high demand for your current dwelling, let’s get together to find out how we’ll market the charming particulars of your current home to potential Lafayette County buyers.

Post navigation

« La Crosse County 1st Time Buyers Are Looking for Existing Homes This Year
Langlade County 1st Time Buyers Are Looking for Existing Homes This Year »
Search for:

Recent Posts

  • Should I Wait for Lower Mortgage Interest Rates? January 19, 2021
  • How to Make the Dream of Homeownership a Reality This Year January 18, 2021
  • Things to Avoid after Applying for a Mortgage [INFOGRAPHIC] January 15, 2021
  • Why Right Now May Be the Time to Sell Your House January 14, 2021
  • Will Forbearance Plans Lead to a Tsunami of Foreclosures? January 13, 2021

Recent Comments

    Archives

    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Move-Up Buyers
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org