• Login
    • Register

Central Oregon BuzzCentral Oregon Buzz

Thesa Chambers, Principal Broker

Contact Us Today At (541) 771-7064
thesa@centraloregonbuzz.com

70 SW Century Dr #110 Bend, OR 97702

  • Menu
  • Home
  • Search
  • Buyers
    • Buyer’s Info
  • Sellers
    • Seller’s Info
    • Sold & Active Listings
  • Communities
    • La Pine
    • Three Rivers South
    • Bend
  • Resort Communities
    • Caldera Springs
    • Sunriver
  • My Listings
  • Blog
  • About
    • Connect with Thesa
    • Connect with me.

Your Home and Generational Home Buying Trends

Your Home Buying StatsWhile your home is unique and a reflection of you and your lifestyle, when it comes to home buying, as with most things, societal trends are noted through at-large studies and statistics, not individual results.

Study pools are often segmented by age and the National Association of Realtors® (NAR) just released the results of their first Home Buyer and Seller Generational Trends report. Highlighting a specific generation, known as the Millennials, those born between 1980 and 2000, the report illustrated that this age group continues to see homeownership as a good investment.

Detailing satisfaction rates among new home buyers and sellers, the study saw an increased number of Millennial buyers who believed buying their home was a good investment, at 85% versus the overall study rate of 80%. Home buyers classified in Generation X, born between 1965 and 1979, composed the largest home buying segment, at 31%, and all home buyers surveyed reported the internet and online property search as their first step in the home buying process, making online home marketing a critical step when buying and selling your home.

Other study differences showed that younger sellers are more likely to use the same real estate agent in home purchasing and that younger buyers also want their agent to help them understand the home buying process. Another interesting statistic showed 80% of buyers aged 57 and younger buying detached single-family homes, while home buyers over the age of 57 tended towards purchasing townhouses or condominiums. See the full survey report by clicking here.

According to the Fannie Mae’s Economic & Strategic Research Group forecast, economic growth continues to increase through 2013 and the housing market is steadily recovering. Fannie Mae Chief Economist Doug Duncan reported, “Our macroeconomic and housing forecast shows very little change from July, and the steady pickup during the past few months validates our expectations for the second half of the year.” Although increased mortgage rates have impacted home refinance activity, Fannie Mae reported it having little, if any, impact on current home buying. To hear more on this, consult the August 2013 Fannie Mae Economic Outlook which expects your home prices to continue to increase, though at a less dramatic pace than has been seen in the last year.

Posted in: General Tagged: your home

Post navigation

« Selling Your Central Oregon Home
Vacation Homes & Second Homes »

About Thesa

As your real estate agent, I understand the value of providing the best possible service to every buyer and seller. Listening carefully to fully identify not only your desires but also your needs. Then work diligently to ensure that both are accommodated to the best of my ability. We will stay abreast on changing market conditions, trends, developments and research all factors that could affect the purchase or sale of your property.  My success and your happiness greatly depend upon the quality of the relationship we achieve.  Through personal redefinition of the professional standards set by most agents, I hope set myself apart from the rest and become the first person that you think of for all of your real estate needs.

Search Homes

  • Basic Search
  • Search By Address
  • Search By MLS#
  • Map Search
  • Create an Account
  • Log Into Your Account
  • Connect with Thesa
  • Request a Home Value

Contact Thesa

Thesa Chambers, Principal Broker West + Main Homes
thesa@centraloregonbuzz.com
(541) 771-7064
© 2023 · Equity Framework
The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

Listings Sitemap · Log in