{"id":1933,"date":"2021-08-05T12:35:05","date_gmt":"2021-08-05T12:35:05","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1933"},"modified":"2021-08-05T12:35:05","modified_gmt":"2021-08-05T12:35:05","slug":"surprising-shift-favors-homeowners-buyers-now-prefer-existing-homes","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/surprising-shift-favors-homeowners-buyers-now-prefer-existing-homes\/","title":{"rendered":"Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes"},"content":{"rendered":"
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Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes<\/p><\/div>\n

In April, the\u00a0National Association of Home Builders<\/em>\u00a0(NAHB) posted an article,\u00a0Home Buyers\u2019 Preferences Shift Towards New Construction<\/a><\/em>, which reported:<\/p>\n

\u201c60% of people who were looking to buy a home in 2020 said they\u2019d\u00a0prefer new construction to an existing home.<\/strong>\u201d<\/em><\/p><\/blockquote>\n

However, it seems buyers are now shifting their preferences back to existing homes.<\/strong><\/h4>\n

The latest\u00a0Consumer Confidence Survey<\/a><\/em>\u00a0reveals the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back in March. However, the percentage that plan to buy a newly constructed home is lower for that same period.<\/p>\n

NAHB confirms this sentiment in their latest\u00a0Housing Trends Report<\/a><\/em>. The organization explains that existing homes are now the top preference among today\u2019s buyers. Here\u2019s a breakdown of those findings:<\/p>\n

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Prospective Buyers’ Preferences Are Changing<\/p><\/div>\n

Why the shift?<\/strong><\/h4>\n

There are several reasons why buyer preference is shifting. Here are two that impact purchasers looking to move in now:<\/p>\n