First-Time Buyers Not Picking “Starter Homes"! - My Amazing Homes

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First-Time Buyers Not Picking “Starter Homes”!

Posted by admin on August 11, 2016
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The “starter home” trend may be fading in real estate. Prior to the housing bubble, first-time buyers with average incomes would shop for a more affordable, smaller house with the idea of moving on to a larger home in a few years.

Today’s first-time buyers want a home that meets their needs now and in the future. Seventy-five percent of first-time buyers say they prefer to skip the starter home and find a house that meets their long-term needs, according to a survey commissioned by Bank of America in early 2016. Thirty-five percent say they even intend to stay in that home until they retire. Reported in Realtor Magazine. For details, please go through the link below:

http://realtormag.realtor.org/daily-news/2016/07/19/first-time-buyers-not-picking-starter-homes?om_rid=AAErv3&om_mid=_BXjm4nB9QBDXpl&om_ntype=RMODaily

Conveyed without responsibility on my part, my brokerage company or its affiliates.

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