Move-Up Buyer
63
%
Consumer Views on Housing & Economy
have a positive outlook on the economy this year
Lending Tree Survey 2014
69
%
have a positive outlook on housing this year
71
%
said they are considering selling their home in 2014
We are anticipating a meaningful increase in the supply of homes for sale. The survey evidence suggests that rising prices are motivating more owners to list their homes.
Paul Diggle Capital Economics
Boomers are starting to move… “The oldest Baby Boomer turns 68 this year, and the youngest turns 50. They are buying homes in droves as their employment situation, home values, and stock portfolios have almost fully recovered from the Great Recession. We are seeing strong sales in this same demographic throughout the country.” - John Burns Real Estate Consulting
Baby Boomers ready to buy a 2nd home‌
25% said they’d likely buy a second home, such as a vacation or beach house, to use during retirement BH&G 2014
Vacation Home Sales
UP 29.7
%
NAR 2014
Thinking about moving up to the home of your dreams?
Move-Up Seller Comparison – End of 2015
Current Price Future Price (+8%) Future Gain Total Gain
Current Home
Move-up Home
$300,000 $324,000 $24,000
$400,000 $432,000 $32,000 $8,000
Move-Up Seller Price
Rate
P&I
Today
$400,000
4.41
$2,005.41
End of 2015
$432,000
5.7
$2,507.33
Monthly Savings
$501.92