The article, Survey: 52% of Americans likely to buy a home in next five years, from www.housingwire.com, reports that just over half of Americans — 52% — say they are likely to buy a home in the next five years, according to the 2015 BMO Harris Bank Homebuyers Report. In addition, Americans surveyed are willing to pay an average of $296,000 for a home and will average a 21% down payment. The report, conducted by Pollara, also found that:
Among likely buyers, 78% plan to get preapproved before seriously searching for a home.
Three quarters of current homeowners set a budget before looking for a home. Sixteen% ended up spending less while 13% went over their budget.
The majority (74%) of those looking to buy a new home will consult a real estate agent, while 59% said they will visit online real estate websites and 37% will seek recommendations from friends and family.
According to the report, 63% of American homeowners spent under six months looking for a new home before they made a purchase. In addition, 8% bought their home without participating in an active real estate search – or even any plan to buy at all – because a specific property caught their attention. The report also found that many likely homebuyers are interested in a real estate mobile app that would help in their home search. Over three quarters (78%) of homebuyers said the biggest draw for a mobile app would be the ability to look at house listings in their specific desired area and the ability to obtain information about these neighborhoods (77%). Here is the link to the entire article: http://www.housingwire.com/articles/34749-survey-52-of-americans-likely-to-buy-a-home-in-next-five-years
Author:Edward Maddox Phone: 480-612-7968 Dated: September 15th 2015 Views: 1,512 About Edward: ...
Solutions Real Estate has the Solution to all of your Arizona Real Estate needs. Veteran owned company based in Gilbert, Arizona with several offices throughout the Phoenix Metropolitan area. Currently expanding in southern California in the San Diego market.
"Lois Kaipainen has represented me in both sales and purchases of real estate properties. She is very knowledgeable in all areas of real estate and shares her expertise. Lois is excellent in details and is very efficient in all respects. I highly recommend her for any real estate transactions you may have."