The demand for homes this year is extraordinary. Record-breaking numbers of hopeful buyers continue to shop for homes like there’s no tomorrow. In a normal year, the peak homebuying season comes to a close by early fall. However, this year is anything but a normal year, and the housing market is no exception.
Who’s Buying Real Estate Right Now?
Today’s affordability is appealing to all generations, especially young buyers who want to start growing their wealth through homeownership. There’s a distinct increase this year in the percentage of those in younger generations searching for homes.
Why Are Buyers Buying Right Now?
If you’re a homebuyer right now, there’s no question that you want to take advantage of this opportunity – and you’re not alone. Competition among younger buyers is definitely increasing as more buyers enter the market.
Are There Big Challenges For Today’s Buyers?
With so many buyers actively searching for homes this year and so few houses for sale, it’s more important than ever to work with a trusted real estate professional to navigate the market. You don’t want to go into a hot market underprepared and walk away with an overpriced home that’s not the perfect fit for you and your family. From pre-approval to bidding wars and down payment assistance resources, having an agent by your side might make the difference in your ability to land your dream home.
What You Need to Know
If you’re ready to buy a home, reach out to a local real estate professional to help you along the way. More buyers mean more competition, so you need an expert guide to help you stand out from the crowd.