Who's buying and who's not buying real estate right now?

Posted by Dan Miller, REALTOR on Wednesday, February 15th, 2023 at 4:42am.

Who's buying?

Right now we're serving many people who are very motivated to buy their first home and start building a better life through homeownership. Many of these folks are people who have either just started or are getting ready to start their family real soon.

On the other end of the spectrum, we're helping many longtime owners who are getting ready to sell their current home and downsize into a smaller one. These are the folks who are ready to simplify life and ease into a new lifestyle. 

And along these lines, we're also working with many relocating buyers who are working on their dream of living in a community that's a great fit for their values and their lifestyle.

Who's not buying?

We're not seeing as many move-up buyers as we have in the past. These are the folks who are outgrowing their current home and in need of more space. Many of these folks are choosing to hang tight for the time being, as they contemplate the impact of higher mortgage rates on their monthly budget. 

What's your motivation to move?

Regardless of your goals and aspirations, we're always available for an open and honest conversation, and never with any sales pressure or spin. Just reach out to us whenever you're ready to talk about your future. We're happy to be a resource for you whenever you need a little guidance and a little help. 

Your friends at Mad City Dream Homes

This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
1619 Monroe Street #1, Madison, WI, 53711

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