{"id":723,"date":"2017-02-10T00:00:00","date_gmt":"2017-02-10T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/here-come-59-million-buyers\/"},"modified":"2017-02-10T00:00:00","modified_gmt":"2017-02-10T00:00:00","slug":"here-come-59-million-buyers","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/here-come-59-million-buyers\/","title":{"rendered":"Here Come 59 Million Buyers!"},"content":{"rendered":"

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One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com.<\/p>\n

Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering buying a home. That is more than double the percentage of potential white buyers.<\/p>\n

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Read more<\/strong>: 5 Savvy Negotiating Tips to Share with Buyers<\/span><\/p>\n<\/blockquote>\n

\u201cBlack homeowners were harmed in greater numbers by the housing<\/a> crash\u201d and the foreclosure<\/a> crisis, says Holden Lewis, a Bankrate.com mortgage<\/a> analyst. \u201cNow that the economy has improved and time has passed, maybe they\u2019re ready to jump back in and own a home again.\u201d<\/p>\n

Also, older millennials and Generation X \u2013 which encompasses the ages of 27 to 52 \u2013 are showing more willingness to either become homeowners or trade up to a new home, the survey showed.<\/p>\n

Young adults have mostly delayed homeownership. \u201cThey have been stymied by stagnant wages, student loans<\/a>, and a lack of available starter homes,\u201d Lewis says. \u201cIf enough affordable homes are put on the market, we might see a surge of first-time home buyers in their early to mid-30s.\u201d<\/p>\n

Lewis notes, however, what many people say is not always what they\u2019ll be able to do. Rising mortgage rates and an uptick in home prices could prevent some would-be homebuyers from saving enough for a down payment and limited inventories could delay their efforts in finding a suitable home to buy.<\/p>\n

About 6 million new and existing homes were sold last year, according to the National Association of REALTORS\u00ae and U.S. Census data.<\/p>\n

Source: \u201cKnow Your Competition: 1 in 4 Adults Is Planning to Buy a Home,\u201d realtor<\/a>.com\u00ae (Feb. 9, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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[ad_1] One in four U.S. adults say they are considering buying a home this year, which … Here Come 59 Million Buyers!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":724,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,180,625,12908,543,627,127,344,604,408,1295,258,1007,41,818],"class_list":["post-723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-buying-a-home","tag-down-payment","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-housing","tag-loans","tag-mortgage","tag-mortgage-rate","tag-new-home","tag-owners","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/RNrPkEJkp-M","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1442,"url":"https:\/\/amazingproperty.com.ng\/blog\/parents-may-need-a-new-mortgage-perspective\/","url_meta":{"origin":723,"position":0},"title":"Parents May Need a New Mortgage Perspective","author":"Amazing Property","date":"February 28, 2017","format":false,"excerpt":"[ad_1] Parents are having a tough time saving money. Fifty-one percent of parents recently surveyed say their mortgage was having a \u201cmajor impact\u201d on their ability to save, according to Bankrate\u2019s Money Pulse survey for February. 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