{"id":450,"date":"2020-01-27T17:57:32","date_gmt":"2020-01-27T17:57:32","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=450"},"modified":"2020-01-27T17:58:47","modified_gmt":"2020-01-27T17:58:47","slug":"first-time-buyers-are-searching-for-existing-homes-this-year","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/first-time-buyers-are-searching-for-existing-homes-this-year\/","title":{"rendered":"First-Time Buyers Are Searching for Existing Homes This Year"},"content":{"rendered":"\n
\"\"
A desk with a laptop in a living room<\/figcaption><\/figure>\n\n\n\n

In the latest Housing Trends Report<\/em>, the National Association of Home Builders<\/em> (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019.<\/p>\n\n\n\n

The results revealed<\/a>,<\/p>\n\n\n\n

\u201cMillennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)\u2026Prospective buyers in the youngest two generations are primarily first-time buyers:  88% of Gen Z buyers and 78% of Millennial buyers are reaching out to homeownership for the first time in their lives.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

With a high demand from first-time homebuyers and a shortage of inventory<\/a> in the current market, selling your existing home this year might be your best move. Why? Because when homebuyers begin their search, they\u2019re not all looking for new construction. Many are eager to find a little charm and character in a place to call home \u2013 possibly yours<\/em>.<\/p>\n\n\n\n

In fact, according to the same study, there is a significant demand for existing homes:<\/p>\n\n\n\n

\u201cIn terms of the type of home these prospective home buyers are interested in, 40% are looking to buy an existing home and 19% a newly-built home. The remaining 41% would buy either a new or existing home.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

With showing activity<\/a> up among buyers and more new construction coming to market<\/a>, as a homeowner, you have the opportunity to sell your existing house now and move up into a new one, or downsize<\/a> into a home that better fits your current and ever-changing needs.<\/p>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

Not all buyers are looking for a newly built house. If you\u2019re ready to take advantage of low mortgage rates<\/a> and a high demand for your existing home, let\u2019s get together to determine how we will market the charming details of your current house to potential buyers.<\/p>\n\n\n\n

Contact us:
PHP Houses<\/a>
142 W Lakeview Ave
Unit 1030
Lake Mary, FL 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com<\/a><\/p>\n\n\n\n

Let’s Connect:
Facebook<\/a>
Linkedin<\/a>
Twitter<\/a>
Instagram<\/a>
<\/p>\n","protected":false},"excerpt":{"rendered":"

In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019. The… Finish Reading First-Time Buyers Are Searching for Existing Homes This Year<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[59,15,92,18,27,91,57,86,52,83,25,49,40,20,12,48,19],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/450"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"predecessor-version":[{"id":452,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions\/452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media\/451"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}