The temperatures may be dropping outside—but for house hunters, things are just about to start heating up.
A recent analysis from realtor.com found that while most people believe spring to be the hottest season for homebuyers, house hunters are starting their search earlier in the year—and January has become one of the most active times of the year for potential buyers on the market for a new home.
20 out of the 100 largest metros in the US saw their highest number of listing views online in January 2019 (based on average monthly views per listing on realtor.com 2015 to 2019)—compared to just three in 2018. And according to the realtor.com team, this trend is poised to continue in January 2020.
“As shoppers modify their strategies for navigating a housing market that has become more competitive due to rising prices and low inventory, the search for a home is beginning earlier and earlier,” said realtor.com® Senior Economist George Ratiu in the...
It’s a commonly touted statistic that millennials aren’t buying houses. While there’s a certain level of truth to that sentiment, it doesn’t tell the whole story.
Compared to their parents and grandparents at their age, fewer millennials are homeowners, but millions of younger people have invested in their own property – and they might not be the starter houses you’d expect.
Despite living with their parents longer than any generation before them, putting off marriage for an increased time span, and sometimes struggling to find their dream jobs, millennials are going from perennial renters to owners of what might be their forever homes.
So how is the idea of a starter home changing, and what are first-time homebuyers looking for in a house? With a survey of over 1,000 people about their first homes, which features and amenities mattered most, and how market prices impacted homeownership. Keep reading...