Planning to Become a Homeowner? Opportunities are Improving

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Planning to Become a Homeowner? Opportunities are Improving

There are a lot of speculations as to putting a hold on being a homeowner to most of interested home buyers. For the past 4 years a lot of conversations have been focused around rising house market values and concern about a possible bubble. Regardless of an impending bubble, the increase in prices can be attributed to one thing: supply and demand.

DEMAND
There is strong demand for single-family homes, with over 80% of every generation believing that being a homeowner is still a part of the American dream. A survey by Gallup has also found that Americans think real estate is one of the best forms of long-term investment.

SUPPLY
For the past few years, many homeowners were not able to sell their homes due to finances, low equity, etc. Many have been waiting to move up but could not.

The chart below displays the number of years that families have remained in a home, which also explains the built-up seller demand.

Planning to become a homeowner? Opportunities are Improving

As homes reach significant equity (20%) and the economy continues to improve, more families will sell. Once supply finally meets demand again, then price increases will begin to slow.

Bottom Line
If you’ve been stuck in your home and waiting to sell for the past couple of years, now is a great time to capitalize on your property’s worth and find the home of your dreams. If you’re ready to be a new homeowner, feel free to call Showcase Realty at 704.997.3794 or send us a message here.

Don’t wait- here are 2 Reasons that You Shouldn’t Wait to Move up to Your Dream Home Now!

Looking to buy in the Dilworth area? Check out our Dilworth Homes for Sale to get started!

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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