CALL INFO LINE: 801-859-6555
 Welcome to the FreeUtahHomeSearch.com Blog

2014-05-06 10:05:39
Americans Ready to Spend on Real Estate Again

Americans Ready to Spend on Real Estate Again

Americans’ outlook on the economy is improving and they’re ready to make more purchases, especially regarding real estate, according to the latest PulteGroup Home Index Survey. Sixty-seven percent of the 1,004 adults surveyed say they plan to purchase a home in the future; 32 percent of which are looking to buy within the next two years.

The survey found that the most engaged consumer segments are millennials and move-up buyers. Eighty-five percent of millennials and 71 percent of move-up buyers say they intend to purchase a home in the future, according to the index. Fifty percent of those aged 55 and older said they’re looking to purchase a home in the future.

Overall, the two main drivers to buying are the need for more space and the view that owning a home is a smart financial investment, according to the survey.

Seventy percent of home shoppers say they intend to spend more—or as much—money on their next home, not only to increase the size of the home but also to upgrade the finishes. Sixty-four percent say they prefer to spend more on a home that’s move-in ready, rather than spend less and then renovate a home.

'For the first time in years, Americans have a growing sense of optimism that the housing market is improving, and that these positive changes may be sustainable,' says Margaret Gramann, senior vice president of sales for PulteGroup, Inc.  'This favorable outlook is giving them the confidence to pursue more meaningful, big-picture life opportunities they may have otherwise put on hold.'

Source: PulteGroup Inc.

Read more

 
Blog Archive
2017-04-16 09:49:56
Population Growth Shifting Out of SL To UT County

2017-04-16 09:49:01
State’s economy fueling population growth

2017-03-10 16:03:59
CNBC ranks Utah No. 1 state for business

2017-03-08 10:24:12
Toughest & Easiest States for 1st Time Home Buyers

2017-01-04 10:39:50
Housing Market 2017: The Positives & Negatives

2016-06-14 10:31:17
Salt Lake Monthly Housing Report

2016-05-20 15:42:35
Who Pays the Highest Property Taxes?

2016-03-31 15:49:40
Cities to Watch: 2016's Fastest-Growing Places

2016-03-29 13:19:08
Salt Lake Quarterly Housing Report

2016-01-28 08:37:27
Park City 2015 Year-end Statistics Press Release

2016-01-18 10:50:31
5 Things to Never Say When Selling a Home

2016-01-11 11:46:49
The ‘Missing Link’ in Housing

2015-12-23 12:08:43
5 Real Estate Trends That Will Dominate 2016

2015-12-15 10:56:50
How Will Higher Rates Affect Housing?

2015-12-04 10:39:02
Big Expectations for Housing in 2016

2015-12-01 10:07:30
6 ‘Tacky’ Home Décor Trends

2015-11-10 11:31:23
Home Buyers Don’t Need to Fear

2015-10-28 09:48:58
Home Prices Rising at Faster Pace Than Inflation

2015-10-20 15:23:54
Scammers Using New Chip-Based CCs as Fresh Phishin

2015-10-09 10:13:25
3 Home Inspection Deal-Breakers

2015-10-06 14:42:40
The Next Three Months: Best Time to Buy

2015-09-17 10:30:01
How High Will Mortgage Rates Actually Climb?

2015-09-11 14:14:05
Best Day of the Year to Buy a Home

2015-08-24 08:28:04
Home Resales at 8-Year High as Buyers Act Before M

2015-07-31 11:21:43
Utah Economy Newsletter June 2015 Now Available

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.