Todays Buyers Are Serious About Purchasing A Home

Dated: 08/04/2020

Views: 1

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That is a significantly higher share than the comparable figure a year ago (41%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates have converted some prospective buyers into active buyers.” It’s no surprise that buyers are out in full force today. Many Americans now need more space to work from home, and the current low mortgage rates are providing an extra boost of motivation to enter the housing market.If you’re considering selling your house, know that today’s buyers are serious about making a move. Your opportunity to sell your house in a market with high demand is growing, especially as more millennials enter the housing market too. The same report also notes: “Of Millennials planning a home purchase in the next year, 57% are already actively searching for a home.” Odeta Kushi, Deputy Chief Economist at First American, explains: “When breaking down house-buying power by educational attainment for millennials in 2019, we find that the higher the education, the higher the household income, and the higher the house-buying power. In 2019, median house-buying power for millennials increased 16 percent relative to 2018.” As demand for homes to buy grows and more millennials enter the market with growing buying power, the opportunity to sell your house grows too.Bottom LineToday’s buyers are serious ones and more millennials are helping to fuel that charge. So, if you’re considering selling your home, let’s connect today to determine your next steps in the process while buyers are actively looking.#relocation #Boise #Boiseidaho #Boisehomes #firsttimehomebuyers #homeownership #buildingwealth #blakeonBoise #alisonblakegroup #RealEstateDoneRight #Listingspecialist #Firsttimehomebuyerspecialist #Relocationspecialist #NewConstructionspecialist #Investmentspecialist #Alwaysworkingformyclients

Latest Blog Posts

Todays Buyers Are Serious About Purchasing A Home

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National

Read More

Experts Weigh In On The Remarkable Strength Of The Housing Market

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one

Read More

Will We See A Surge Of Homebuyers Moving To The Suburbs

As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home

Read More

Homeownership Rate Continues To Rise In 2020

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the

Read More