Change in Real Estate for Buyers

Dated: 02/08/2019

Views: 51

Seems like a better time to be a buyer

Share of Adults Planning to Buy a Home Drops From 24% to 13% In a Year

In the final quarter of 2018, 13% of adults reported plans to purchase a home within a year. A year earlier, in the final quarter of 2017, a significantly larger portion – 24% – had the same plans.  This sharp decline in the share of prospective home buyers provides additional evidence that the erosion of housing affordability has become a serious concern for the housing market.  The deterioration in affordability has been driven by several years of strong home price appreciation and interest rate increases throughout much of 2018.

Additional findings from the latest Housing Trends Report (HTR)* show that in the fourth quarter of 2018, 53% of prospective home buyers had never owned a home before. In comparison, a year earlier, 60% of buyers were first-timers.

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Kristen Spagnoletti/Luxury Realtor with Exit Realty, DTC. Phone/text 720-620-0970
Email/ kristen@exitrealtydtc.com

 Greater Denver Colorado Real Estate Agent  Advocating for my sellers and buyers for over 15 years.  Nothing compares to having your real estate agent providing true data and research to make an informed and educated decision. You can get more information about real estate in Denver, Lone Tree, Highlands Ranch, Parker, Sedalia, Littleton and ALL nearby communities.  Just reach out

 

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