• Home Buying Habits and Behavior

Home Buying Habits and Behavior

Home buying habits and behavior  are shifting in the current economy.  Only 64% of Americans own their homes leaving a large majority paying rent without building any long term equity or wealth in real estate holdings.  Of these homeowners, only 1/3 are new home buyers…That’s down from 40% only a few years ago.  Probable reasons include higher student debt when leaving college and waiting longer for marriage and children.    The Average age of todays first time home buyer is 32.

 

Home buyers are faced with many challenges in this volatile market place.  Multiple offers, escalating home prices, increased costs of utilities, rising property taxes and a limited supply of available homes for sale in many mrartkets.  That’s why an experienced and knowledgeable real estate agent is imperitive for the home buyer.  According to Realtor.com, over 88% of home buyers utilize the expertice of a real estate agent to assist in the home buying process.  Your real estate agent can guide you in  the financial decision to  buy a home.  Make sure your real estate agent has the skills, knowledge and support to make this experience a sound and successful transaction.

For more information on the latest National trends in Home Buying, click on the link below.

http://www.realtor.com/advice/buy/normal-home-buying-habits-behavior/

 

Sandy Hoffman is a Broker Associate with Keller Williams and runs a successful real estate practice, Sandy Hoffman Properties.  She is a waterfront specialist with 16+ years experience in residential, commercial, second homes, vacation homes, investment and ranch properties.  To search available homes, click on the link below:

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Our team would love to assist you in determining timing on selling/buying  your Austin  TX real estate.

We can help you buy or sell your home, waterfront property, investment property, or commercial property. Contact us NOW to find out what your home is worth.

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