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 twelve. The report signifies the percentage of all buyers that will be first-time buyers trying to purchase a house grew from 58% in Q4 2018 to 63% in This fall 2019.
The results revealed,
“Millennials are the almost definitely era to be making plans to purchase a house within a yr (19%), followed by Gen Z (13%) and Gen X (12%)…Potential buyers in the youngest two generations are primarily first-time patrons: 88% of Gen Z buyers and 78% of Millennial consumers 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 within the current Ozaukee County market, promoting your existing home this year is perhaps your best move. Why? Because when Ozaukee County homebuyers start their search, they’re not all on the lookout for new construction|developments|buildings}. Many are keen to find a little attraction and character in a spot to name house – probably yours.
Actually, in accordance with the same examine, there is a vital demand for current Ozaukee County properties:
“In terms of the kind of home these potential dwelling patrons are excited about, 40% want to buy an current house and 19% a newly-built home. The remaining 41% would buy either a brand new or current dwelling.”
With showing activity up among Ozaukee County buyers and extra new buildings coming to the Ozaukee County market, as a homeowner, you might have the chance to list your present home now and move up into a new one, or downsize into a house that higher fits your present and ever-changing wants.
Bottom Line
Not all Ozaukee County buyers are looking for a newly constructed home. When you’re able to reap the benefits of low mortgage rates and a high demand in your existing dwelling, let’s get together to find out how we will market the charming details of your current house to potential Ozaukee County buyers.