Local realtors say it’s a seller’s market, millennials are target buyer Pt. 2
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Local realtors say it’s a seller’s market, millennials are target buyer Pt. 2


Housing prices are going UP again. A new survey by the National Association of Realtors says: In the first three months of this year — the average price for a home was nearly 7- percent higher than in 20-16. Economists say a healthy job market is creating demand.. And a lack of new construction is making it a sellers’ market. One of the other major trends in real estate- across the country and here at home.. is millennials in the housing market. Alex George joins us live in the studio to explain how that could impact you if you’re planning on buying or selling this spring. Millennials often times get stereotyped as being uninterested in buying a home – but new data says otherwise. In fact – zillow an online real estate database company created a separate website marketed specifically FOR millennials – it’s called realestate.com.. They say millennials make up 42 percent of buyers… And I happen to be one of them.. [B5]20170516 YOUNG HOMES 6A-VO and my real estate agent said millenials like myself are changing the housing market According to lenders – In Mahoning county they make up about 43 percent of buyers, and in Columbiana county they make up 65 percent. And realtors say they’re not just looking for any home – they have very specific needs. CINDY LAUTZENHEISER:” PAINT, LIGHT FIXTURES, CURTAINS, CARPETING. THEY WANT MOVE IN READY. LIFESTYLES ARE SO BUSY, EVERYONE IS WORKING CRAZY HOURS. SO THEY DON’T HAVE TIME AND THEY MAY NOT KNOW HOW TO DO THE UPGRADES.” She says if you are selling or planning on selling your home – she suggests making sure those things are upgraded. Today’s buyers also like neutral wall colors.. [B7]20170516 YOUNG HOMES 6A-TAG For the millennial SHOPPERS she suggests getting pre approved AND working with an agent – there are several great loan options for young buyers and it’s good to know your options. Alex

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