Are You 1 of the 59 Million Planning to Buy a Home This Year?
According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. Are you one of them?
The survey also revealed 2 key takeaways:
- Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
- Many potential buyers believe they need to put 20% down and need to have perfect credit to own and are unaware of programs that would allow them to buy now.
Holden Lewis, a mortgage analyst for Bankrate.com, pointed to one big reason why many Americans are starting to consider homeownership:
“Having kids and raising a family is a primary reason why Americans take the leap into homeownership—many consider it a key component of the American dream.”
Is buying a home a part of your dream for 2017? Perhaps you're considering homes by school district? Or is it more important to you to pick a home by city or neighborhood in order to save time on your commute? Either way, let’s get together to determine your best fit.