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Real Estate Market Report: Who wants to buy a home?

Real Estate Market Report: Who wants to buy a home?

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Buying Ambien Each year, the National Association of Realtors, comes up with a really interesting report that looks at Aspiring Buyers around the country – a snapshot of people who would really like to buy a home.

Let’s take a look at what they found this year! it is clear that buying a house is still a part of the American Dream, so claims of the death of home ownership seem to be premature.

https://www.tomolpack.com/2025/03/11/38x0g6gr

The challenge for these home buyers however is affordability. About a third would move if their financial situation improved. Of those surveyed, about half were young, under 34 and half made less than $50,000 a year.

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But, as revealed in a new series of questions in this year’s survey, about 11% of homeowners said they have had an adult move into their home, either their grown children or a friend. A lot of these may be people looking for ways to save money to buy that first house.

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(Here was a really fascinating little nugget in the survey… 88% of the surveyed homeowners actually enjoy having these adults come live with them! So your parents may be complaining publicly, but in reality they like you being there!)

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https://www.emilymunday.co.uk/ej1v1ej08u What we are seeing in this report is that there is pent up demand to buy, but many feel they can’t yet afford to. Moderately priced homes on the market will be particularly attractive to this group. But we’ll have to keep an eye out for other economic indicators, like mortgage rates, to see how they move in or out of the market.

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https://chemxtree.com/zu5icgm In our experience, a lot of first-time home buyers are extremely cautious and wary about over-extending themselves financially. And that’s a good thing compared to the buyers in the pre-2008 crash. But they are also surprised at how many options there are for getting a reasonable mortgage. So we always suggest they speak with a reputable and experienced mortgage company to discuss their options. The American Dream might just be more affordable than you think!

https://www.varesewedding.com/kpv2ylb Let us know if we can help you – or that adult relative living in your home – find out if buying now is the right move!

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