Blue Square Mortgage LLC
Blue Square Mortgage LLC
Jun 3, 2022
3 Reasons W2hy 2022 Will Be the Year to Buy or Sell a Home in Seattle When it comes to home shopping, the top 3 motivations for buying include 1) re-sizing (42%), 2) the desire to be a homeowner (40%), and 3) wanting a home with features that are more appealing. For those individuals selling their homes, their reasons for doing so vary by generation. For instance: ● For Baby Boomers, downsizing and moving closer to family members and friends are driving their decision to sell. ● For Gen X and Millennials, finding homes that are located closer to better school districts or upgrading to a bigger, newer home as their primary motivators. However, sellers across these generations are less motivated by their financial needs (job-related issues, lower interest rates, needing the cash, etc.) than they were at the start of 2021. The use of social media to find real estate has become a significant factor with buying and selling homes as well. According to recent data, 7 out of every 10 prospective buyers, or 70%, are scrolling through social media platforms to find homes a minimum of 3 times per week. Millennials are outpacing other generations in this area with 72% of them actively browsing for homes on social media platforms such as Facebook, Instagram, and Tik Tok. https://www.google.com/maps?cid=1728001048712065545
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