RossMery  Mosquera

RossMery Mosquera

Salesperson, REALTOR®

Winzone Realty Inc.

Mobile:
917-515-9783
Office:
(917) 515-9783
Email Me
RossMery  Mosquera

RossMery Mosquera

Salesperson, REALTOR®

Winzone Realty Inc.

Mobile:
917-515-9783
Office:
(917) 515-9783
Email Me

Milestone Queens NY | 80% of Renters Believe Home ownership is a Part of Their American Dream

Milestone Queens NY | 80% of Renters Believe Homeownership is a Part of Their American Dream

 In Queens NY, buyer self-confidence remains quite strong with some changes that varies on the purchase price level and which kind of properties they are actually looking for.

Specifically, near Milestone 11377 zip code. The addition of new building and business entities in location makes Milestone one of the extremely most popular areas in Queens.

Since you know, for most family members, choosing a fresh home is the largest financial decision they may have ever gained and so, there a wide range of complicated decisions involved with choosing a fresh home.

 According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream.

The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

So, what is holding renters back?

What would make renters take the plunge?

 

 

 NAR’s Chief Economist, Lawrence Yun believes that,

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.





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Source... KCM RossMery Blog   http://nyhomesforsale.blog/

To protect your interest, it is necessary that you have a knowledgeable agent working for you. Who is an expert in the local market and ensure that you make the best possible decisions?

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