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

Dated: 02/23/2017

Views: 170

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

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.

The survey also revealed 3 key takeaways:

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

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

  3. 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.”

Bottom Line

If buying a home is a part of your dream for 2017, let’s get together to determine if you are able to.

Want to Advertise on this Site?

Latest Blog Posts

The Valley Solutions Real Estate Team Agent Support

PROPERTY MARKETING, LEAD GENERATION & SEOBusiness Tips HOME START A NEW CAREER NEW AGENTS EXPERIENCED AGENTS TECH SAVVY AGENTS Our

Read More

EFlyer Campaigns For Your Listings Business Generation Tips

Email Marketing is generally about as effective as cold calling and about as useful.Most of the emails end up in the spam folder and the response rates are abysmal.But there are a few email

Read More

Valley Solutions Team Marketing Mobile Marketing

The mobile marketing for our listings: Show off our listings beautifully Generate buyer inquires for our listings Generate buyer and referral leads Click below to find out how!Did

Read More

Free Dental Care For Veterans Through The VA

How Veterans Can Get Free Dental Care Through the VAThrough the VA, qualified veterans and active service members can get all or a portion of their dental care covered. VA dental care benefits work

Read More