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Who's Buying In The Next 5 Years??

52% Likely to Buy in the Next 5 Years!! Are You?  Thursday August 27th, 2015  First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers   According to the recently released BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also had other interesting revelations.
 
Those Looking to Buy 74% of those looking to buy a new home will consult a real estate agent 59% said they will visit online real estate websites 37% will seek recommendations from friends and family 78% plan to get pre-approved before seriously searching for a home Those Who Already Own 75% of current home owners set a budget before looking for a home. 16% ended up spending less while 13% went over their budget. 63% of American homeowners spent under six months looking for a new home before they made a purchase. 8% bought their home without participating in an active real estate search - or even any plan to buy at all - because a specific property caught ... more

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