First-Time Homebuyers
Posted by ERA Landmark Real Estate on
From a quick market analysis, what we’re seeing at the national level in 2021 shows that although the inventory on actual houses remains low, the median home price continues to rise month-over-month expecting the sales price increase to be up 4% from last year. For first-time home buyers, the pot won’t be getting much sweeter, and NOW is the time to invest. Gen Xers and millennials are the primary generations buying homes, and we are noticing a variable grouping between the younger buyers and older buyers.
What is most important to both younger and older buyers is the turnkey capabilities of their first homes. The preference for newer houses needing fewer repairs and improvements is agreed upon across all ages with their focus on having enough in…
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