Market trends to consider
As you know‚ staying up-to-date on the latest real estate trends is essential. Here are the top factors influencing today’s buyers and sellers – as discussed at the National Association of REALTORS® 2019 Broker Summit1:
- Staying put. The time spent living at a property is increasing. In 2018‚ the average owner remained in a home for nine years.
- Children & parents. Just 34% of buyers have children – an all-time low. Additionally‚ one in six Generation X buyers purchased a home to share with their parents.
- Expectations. Nearly 40% of real estate professionals said television shows that depict the buying and selling processes impact business.
- Student loan debt. Borrowers with student loan debt carry an average amount of $41‚200.
As always‚ it is a pleasure staying in touch and sharing helpful information.
1Erica Christoffer‚ “Eleven real estate trends to keep on your radar‚” REALTOR® Magazine‚ last updated April 22‚ 2019.