Within 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 signifies the share of all buyers that will be first-time buyers seeking to purchase a house grew from 58% in This autumn 2018 to 63% in This fall 2019.
The results revealed,
“Millennials are the most likely technology to be making plans to purchase a home within a yr (19%), followed by Gen Z (13%) and Gen X (12%)…Potential buyers within the youngest two generations are primarily first-time patrons: 88% of Gen Z buyers 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 shortage of inventory within the present Waupaca County market, selling your present home this yr might be your finest transfer. Why? Because when Waupaca County homebuyers begin their search, they’re not all on the lookout for new construction|developments|buildings}. Many are keen to search out a bit attraction and character in a spot to call residence – possibly yours.
The truth is, based on the identical study, there is a significant demand for current Waupaca County houses:
“When it comes to the type of residence these prospective home buyers are excited by, 40% wish to purchase an present home and 19% a newly-built home. The remaining 41% would buy either a new or current home.”
With showing activity up among Waupaca County buyers and more new developments coming to the Waupaca County market, as a house owner, you might have the opportunity to list your present house now and move up into a brand new one, or downsize into a house that better suits your current and ever-changing wants.
Bottom Line
Not all Waupaca County buyers are looking for a newly constructed home. When you’re able to make the most of low mortgage rates and a excessive demand for your current residence, let’s get collectively to determine how we are going to market the charming details of your current house to potential Waupaca County buyers.