Renters more Confident in Homeownership: Likely to Buy in Next Two Years
Central Florida new home sales progressively grew in 2012 and if Trulia’s latest American Dream survey is any indication, home sales are about to get even stronger. Millennial renters are more confident that homeownership is in their near future as the job market grows stronger.
Data from the survey shows that more than one in four Americans are more positive about homeownership than they were six months ago and 31 percent of today’s renters want to buy a home in the next two years. Results of the survey show that the younger the renter, the more likely they are to purchase a home some day. 93 percent of renters ages 18-34 said that they plan on purchasing as opposed to 39 percent of renters 55 years and older.
An increase in home sales has depleted inventory homes, so in order to keep up with buyer demand home builders have increased construction starts (up 42 percent year-over-year in October). Over the past several months, Highland Homes has increased new home construction and is currently building Orlando, Winter Haven, Lakeland and Tampa new homes in more than 25 communities. With 40+ home designs to choose from and affordable prices from the low-$100,000s, you are sure to find the perfect home for your budget, style and needs.
To make your dreams of homeownership even more affordable, qualified buyers can move into their new home for just $99 down.
Now is the perfect time to go from renter to homeowner. For more information on our beautiful new home communities, visit the Highland Homes website today.