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

    did-you-know

    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 2 key takeaways:

    1. Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
    2. 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, meet with Shannon Lyon, your neighborhood expert,  who can help you determine your next step to buying a home!



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