{"id":2642,"date":"2020-01-27T05:00:23","date_gmt":"2020-01-27T11:00:23","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/first-time-buyers-are-searching-for-existing-homes-this-year\/"},"modified":"2020-01-27T05:00:23","modified_gmt":"2020-01-27T11:00:23","slug":"first-time-buyers-are-searching-for-existing-homes-this-year","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/first-time-buyers-are-searching-for-existing-homes-this-year\/","title":{"rendered":"First-Time Buyers Are Searching for Existing Homes This Year"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/01\/24112643\/20200127-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"First-Time Buyers Are Searching for Existing Homes This Year | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>In the latest\u00a0<em>Housing Trends Report<\/em>, the <em>National Association of Home Builders<\/em> (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019.<span id=\"more-41635\"><\/span><\/p>\n<p>The results <a href=\"http:\/\/eyeonhousing.org\/2020\/01\/share-of-first-time-home-buyers-rises-significantly-in-the-final-quarter-of-2019\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">revealed<\/a>,<\/p>\n<blockquote>\n<p><em>\u201cMillennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)\u2026Prospective buyers in the youngest two generations are primarily first-time buyers:\u00a0 88% of Gen Z buyers and 78% of Millennial buyers are reaching out to homeownership for the first time in their lives.\u201d<\/em><\/p>\n<\/blockquote>\n<p>With a high demand from first-time homebuyers and a shortage of <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/01\/16\/housing-inventory-vanishing-what-is-the-impact-on-you\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">inventory<\/a> in the current market, selling your existing home this year might be your best move. Why? Because when homebuyers begin their search, they\u2019re not all looking for new construction. Many are eager to find a little charm and character in a place to call home \u2013 <em>possibly yours<\/em>.<\/p>\n<p>In fact, according to the same study, there is a significant demand for existing homes:<\/p>\n<blockquote>\n<p><em>\u201cIn terms of the type of home these prospective home buyers are interested in, 40% are looking to buy an existing home and 19% a newly-built home. The remaining 41% would buy either a new or existing home.\u201d<\/em><\/p>\n<\/blockquote>\n<p>With <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/01\/09\/theres-a-long-line-of-buyers-waiting-for-your-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">showing activity<\/a> up among buyers and more new construction coming to <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/01\/23\/the-1-reason-it-is-difficult-to-find-your-dream-home\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">market<\/a>, as a homeowner, you have the opportunity to sell your existing house now and move up into a new one, or <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/01\/22\/how-buyers-can-win-by-downsizing-in-2020\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">downsize<\/a> into a home that better fits your current and ever-changing needs.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Not all buyers are looking for a newly built house. If you\u2019re ready to take advantage of <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/01\/06\/3-benefits-to-buying-your-dream-home-this-year\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">low mortgage rates<\/a> and a high demand for your existing home, let\u2019s get together to determine how we will market the charming details of your current house to potential buyers.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest\u00a0Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2643,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First-Time Buyers Are Searching for Existing Homes This Year&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/first-time-buyers-are-searching-for-existing-homes-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First-Time Buyers Are Searching for Existing Homes This Year&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"In the latest\u00a0Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/first-time-buyers-are-searching-for-existing-homes-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-27T11:00:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2020\/01\/20200127-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"549\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta 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