When more becomes less
by Bill Roark - posted Thursday, October 25th, 2012 @ 12:00 pm
A new breed of buyers has surfaced in the housing market. Some have declined homeownership altogether.
These are the new breed of renters that do not want to deal with maintenance issues, maintain yards or be tied to a long-term mortgage. They prefer the amenities and life style of apartment or townhome living and they cross all age groups that do not have children at home.
The other buyer we are seeing emerge in the housing market are the new financial conservatives. These are the highly qualified buyers with excellent credit, good solid jobs and the ability to purchase an expensive home of their choice. However, they are purchasing much less home than they can qualify for and using a 15-year mortgage instead of the usual 30-year mortgage.
Bill Roark is a Commercial Associate Broker at Keller Williams Realty and may be contacted at email@example.com.