In the latest 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 signifies the share of all buyers that shall be first-time buyers trying to buy a home grew from 58% in Q4 2018 to 63% in This fall 2019.
The outcomes revealed,
“Millennials are the almost certainly technology to be planning to buy a home within a year (19%), adopted by Gen Z (13%) and Gen X (12%)…Prospective patrons in the youngest two generations are primarily first-time buyers: 88% of Gen Z consumers and 78% of Millennial patrons are reaching out to homeownership for the first time in their lives.”
With a high demand from first-time homebuyers and a scarcity of inventory within the current Sauk County market, selling your existing house this yr may be your greatest transfer. Why? As a result of when Sauk County homebuyers begin their search, they’re not all looking for new construction|developments|buildings}. Many are eager to search out somewhat appeal and character in a place to name residence – probably yours.
In fact, in keeping with the identical research, there is a vital demand for present Sauk County houses:
“When it comes to the type of dwelling these potential dwelling buyers are thinking about, 40% want to purchase an existing dwelling and 19% a newly-built residence. The remaining 41% would purchase either a brand new or current dwelling.”
With showing activity up among Sauk County buyers and more new construction coming to the Sauk County market, as a home-owner, you have the chance to sell your current home now and move up into a brand new one, or downsize into a house that better suits your current and ever-changing needs.
Bottom Line
Not all Sauk County buyers are in search of a newly built house. When you’re able to reap the benefits of low mortgage rates and a excessive demand in your present home, let’s get collectively to determine how we will market the charming particulars of your present house to potential Sauk County buyers.