Homebuyer Trends
Homebuyer Trends
According to the latest homebuyer trends provided by Bank of America, 75 percent of first-time home buyers are skipping the starter home and buying the property they really want. Interestingly, they are putting their long-term needs ahead of their short term needs. The result is these first time home buyers are willing to save more upfront to get what they want.
When it comes to Millennials who are first-time homebuyers, 66 percent of them expect some help from their parents. Even though Millennials view home ownership with adulthood (and who really wants to grow up) and success, most expect help. Help could be in the form of financial assistance it could be help moving in.
Finally, 76 percent of first-time buyers purchase a home for emotional reasons. They either want a place to call their own or putt down roots.
When you are ready to purchase a single family home or condo in Naples or Bonita Springs, let me be your guide! If you are interested in more information about a specific community, contact me for a free market report – 239-370-0892.
About Matt Klinowski
September 30, 2016 Posted by Matt
