Are You 1 Of The 59 Million Planning To Buy This Year

Are You 1 Of The 59 Million Planning To Buy This Year

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Are You 1 of the 59 Million Planning to Buy This Year?

According to asurveyconducted, 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.

The survey also revealed 3 key takeaways:

Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)

Minorities, particularly African-Americans, were twice as likely to respond that they were considering purchasing a home this year than white respondents.

Many potential buyersbelievethey 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, 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.”

Bottom Line

If buying a home is a part of your dream for 2017, Give me a call and let me help you determine if you are able to.

Victor DeFrisco Headshot
Phone: 561-951-3759
Dated: March 16th 2017
Views: 241
About Victor: ...

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