Norfolk VA – If you are thinking of buying or selling your Norfolk VA home, now may be the best time to enter the real estate market because baby-boomers are selling, and first-time home buyers are buying.
“The opportunity for both buyers and sellers is optimal with the current supply and demand,” says Shannon Allen, Realtor with Judy Boone Realty, in Norfolk VA.
As first-time buyers see rental prices increase, they are taking advantage of low-interest rates and housing inventories. At the same time, baby-boomers are putting their homes for sale on the real estate market. The timing to buy or sell a home could not be better. And the news gets even better; a recent study reports that the demand to purchase a home for people between the ages of 18-34 is greater than it has been in years. The study further indicates that the average annual income of first-time home buyers has risen to $50,000. These combined factors provide the perfect time for baby-boomers to sell, as the pool of qualified buyers is larger than in recent years.
For more information about buying or selling real estate in Norfolk VA, contact Shannon Allen, Realtor, at (757) 647-3126.
Judy Boone Realty | 809 E Ocean View Ave | Norfolk VA
Cell 757-647-3126 |Office 757-587-2800