Homeowners are feeling pretty optimistic about the housing market and in fact, in a survey conducted by Pulte Homes, almost half (43%) of the move-up buyers indicated they are planning on buying a new home within the next five years. Over three in four (76%) of move-up buyers feel they can sell their current home within years at a price that would permit them to buy a new home.
According to the survey, the need to downsize is a common reason why homeowners decide to purchase a new home. Other reasons given for deciding to buy a new home include:
- Selling a home at a higher price point (38 percent)
- Relocating for a job (24 percent)
- Job promotion or new job (17 percent)
- New baby and/or family members moving in (11 percent)
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