Market Update January 2017

41% of Americans Would Prefer to Build their Home


Why People Prefer a New Home

A recent study by Harris Poll revealed that, for the same price, forty one percent of Americans would prefer to buy a newly built home instead of an existing home. Twenty one percent prefer an existing home while thirty eight percent didn’t have a preference.  

Why People Prefer an Existing Home

However, those desiring a new home may not be prepared to ante-up the difference in price. Only forty six percent of those who strongly prefer a new home are willing to pay at least 20 percent extra to purchase a new home versus a comparable existing home.   Source