Here’s What You Need to Know About the Housing Market
It’s that time of year! No, not the holidays. It’s the time when the housing market begins to change and currently it’s shifting towards buyers. With the change happening, it’s important to understand who is buying — and why.
After studying the National Association of Realtors’ annual survey, there are many trends we’ve noticed about the current market. Although first-time home buyers still make up a large portion of the real estate market, that number has actually declined since last year. First-time home buyers made up 33% of the market this year as compared to 34% last year.
Married couples make up the bulk of buyers at 63% but single people are also buying homes. Single females made up 18%…