Buying a house is not something we do very often. Studies show the average American only buys a home three times in their entire life. So it’d make sense that the share of Americans planning to buy at any given time would stay fairly consistent and relatively low. But new numbers from the National Association of Home Builders show buyer demand is actually rising, and quickly.
Rising Share of Americans Looking to Buy a House
The data – from the NAHB’s most recent Housing Trends Report – found the share of Americans planning to buy a house in the next 12 months is higher than it’s been in over two years. It’s also nearly twice what it was at the beginning of 2020. In fact, among surveyed adults, 17 percent said they’re planning to buy within the next year, which is a significant jump from 10 percent during the first quarter of 2020. But what’s driving the increases? Well, according to the report, it’s mostly younger Americans – with the biggest gains in buyer interest coming from millennials. Click on the link for more information.
Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your mortgage needs. So come get pre-approved and start shopping for your dream home by clicking here!