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

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

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.


Bonnie Lelak Headshot
Author:
Phone: 404-788-2580
Dated: February 25th 2017
Views: 40
About Bonnie: Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program ho...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Its A Sellers Market Should I Downsize Now - A study by Edelman Berland
4 Great Reasons To Buy This Spring - Here are four great reasons to
Dont Let Your Luck Run Out - Some Highlights:The “Cost of
Which Homes Have Appreciated The Most - Home values have risen

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

North Atlanta Real Estate Site
250 Heritage Walk
Woodstock, GA
404-991-3349
404-591-8681