Although experts believe that the market will shift to being more favorable for buyers, mortgage rates and inflation are impacting many Americans' decisions to buy or sell a home. But there is good news. For those who want to buy a home, there is less competition. And because inventory is still tight, sellers will still be able to sell their homes if priced right.
Millenial buyers 23 to 31 years old (Younger Millennials) and buyers 32 to 41 years old (Older Millennials) continue to make up the largest (and growing) segment of home buyers at 43%. Older Millennials accounted for 25% while Younger Millennials make up 18% of home buyers.
We know the market can be confusing, but we are here to offer clear, concise information you can trust. Feel free to contact our office and we will answer any questions you may have.
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