Within the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a house over the subsequent twelve. The report indicates the percentage of all buyers that will be first-time buyers seeking to buy a house grew from 58% in Q4 2018 to 63% in Q4 2019.
The outcomes revealed,
“Millennials are the almost definitely generation to be planning to purchase a home within a 12 months (19%), adopted by Gen Z (13%) and Gen X (12%)…Prospective buyers within the youngest two generations are primarily first-time consumers: 88% of Gen Z consumers and 78% of Millennial patrons 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 Outagamie County market, promoting your current dwelling this yr could be your greatest move. Why? Because when Outagamie County homebuyers begin their search, they’re not all searching for new construction|developments|buildings}. Many are keen to find a bit allure and character in a spot to call house – probably yours.
In truth, in line with the same research, there’s a vital demand for current Outagamie County properties:
“In terms of the kind of dwelling these prospective home consumers are concerned with, 40% want to buy an present dwelling and 19% a newly-built house. The remaining 41% would buy either a brand new or current dwelling.”
With showing activity up among Outagamie County buyers and extra new developments coming to the Outagamie County market, as a house owner, you’ve gotten the chance to list your existing home now and move up into a brand new one, or downsize into a house that better fits your present and ever-changing wants.
Bottom Line
Not all Outagamie County buyers are in search of a newly built home. If you happen to’re able to benefit from low mortgage rates and a excessive demand for your present house, let’s get collectively to determine how we will market the charming particulars of your present house to potential Outagamie County buyers.