BUYING SELLING FINANCE CELEBRITY HOMES NEWS & TRENDS … We’ve got a jam-packed newsletter today full of important news and interesting updates.
So far this spring, more sellers than buyers have got off the sidelines and got into the market. This has closed the gap between supply and demand and caused for-sale inventory to rise again. Sales remain above expectations, even though mortgage rates have moved higher than expected.
What buyers want
2out of every 3 buyers want to purchase a single-family residence, according to NAHB’s recent study of home buyer preferences. They found that 16% of buyers want to buy a townhome, 10% want a multifamily home, and 5% want a manufactured home.
Even after controlling for location, square footage, and quality of materials, the NAHB determined that it would take a 30% discount for buyers to consider purchasing a comparable townhouse instead of a detached single-family home.
The survey is based on more than 3,000 recent and prospective home buyers and provides granular specificity based on demographic factors such as generation, geographic location, race/ethnicity, income, and price point.
When homebuyers and sellers search online, they are turning to We’re now a fast-growing real estate portal in Knoxville.