{"id":1772,"date":"2016-04-28T11:11:57","date_gmt":"2016-04-28T18:11:57","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1772"},"modified":"2016-04-27T10:24:24","modified_gmt":"2016-04-27T17:24:24","slug":"home-buying-trends-emerging-this-spring","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/home-buying-trends-emerging-this-spring\/","title":{"rendered":"Home Buying Trends Emerging this Spring"},"content":{"rendered":"<p style=\"text-align: justify;\">Spring season tends to be the most active time for real estate markets across the country, and it\u2019s also the period when a number of new trends begin to emerge. Well, we\u2019re already well into spring, so what trends have emerged so far that buyers, sellers and real estate pros need to be aware of?<\/p>\n<p style=\"text-align: justify;\"><strong>1. Low inventories favor sellers<\/strong><br \/>\nWith so few homes for sale across the country, sellers are gaining the upper hand. Buyers meanwhile, are having to scramble in order to win out against intense competition from other buyers because there simply aren\u2019t enough desirable properties to go around, experts say. The low inventory is particularly acute in the less expensive \u201cstarter home\u201d category, which means first-time buyers have a very difficult task in breaking into the market. The Street recommends that buyers move fast to secure a home when they find a property they like.<\/p>\n<p style=\"text-align: justify;\"><strong>2. More buyers consider new homes<\/strong><br \/>\nWith low inventory such a problem, a growing number of buyers are looking to buy new properties or even build their own. Real estate listing site Trulia\u2019s chief economist Ralph McLaughlin says we\u2019re at a ten-year high for home sales bought off a plan alone. McLaughlin says this trend is a direct result of the low inventory of existing homes.<br \/>\n\u201cLow existing inventory likely pushes prospective buyers away from existing homes toward new homes, and as new home sales rise, this allows builders to sell more new homes off of a plan,\u201d McLaughlin said.<\/p>\n<p style=\"text-align: justify;\"><strong>3. It\u2019s cheaper to buy than it is to rent<\/strong><br \/>\nA recent survey by Freddie Mac found that seven out of ten people believe it\u2019s now cheaper to buy a home than it is to rent one. A second study from Trulia shows that buying trumps renting in 98 of the 100 largest metros in the U.S. The problem however, is that it\u2019s difficult to save for a down payment and secure credit, which is so many people are left stuck renting even though they want in on the housing market.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/3-trends-emerging-this-spring\/98732811\/\" target=\"_blank\">Home Buying Trends Emerging this Spring<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spring season tends to be the most active time for real estate markets across the country, and it\u2019s also the period when a number of new trends begin to emerge. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/home-buying-trends-emerging-this-spring\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1772","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Buying Trends Emerging this Spring &#8226; 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