Trulia: American homebuyers prefer new homes 2 to 1

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For home buyers. new supply is more difficult here. for natural and legal reasons." Homes in San Francisco are selling fast: 26% are still for sale after 60 days. Watch the American home change.

The number of American households who own homes grew by more than. show a U.S. homeownership rate of 64.2 percent, up by more than 1.3 percent since its low point in mid-2016. Related Content For.

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Help Homebuyers Reach New Heights.. ” For millions of confident Americans who bought their homes in this record-breaking market, In the same study, Trulia also learned that one American homeowner in five (21 percent) said their real estate purchases are now holding them back from purchasing something else. In an age where we are.

Twice as Many People Prefer New Homes Over Existing Homes. For the same price, 2 in 5 of Americans (41%) strongly or somewhat prefer to buy a newly built home over an existing home. Just 21% strongly or somewhat prefer an existing home. The remaining 38% have no preference.

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For homebuyers entering today’s market, speed is the name of the game. With home inventory at its lowest levels on record, available homes are being bought in record time. In a number of cities, including Chicago, the majority of homes don’t stay on the market for two months, according to a new report from Trulia.

For homebuyers seeking affordable homes, premium homebuyers only needed to spend 14.2% of their income, which was just a 0.7 percentage-point year-over-year increase. Meanwhile starter homebuyers.

Design and Construction Week explains that a new Trulia survey shows buyers prefer new houses 2 to 1 over existing homes. There’s no denying the appeal, but not everyone can afford to buy new. The cost is usually higher than existing homes, but it might also even out over time. older homes might need more maintenance.