Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

Most People Want Single-Family Homes

leave a comment »

Most People Want Single-Family Homes
Article by Daily Real Estate News | March 15, 2016

2932 Polo Club 1The suburbs still reign in the eyes of buyers. A new NAR survey reveals that a majority of consumers looking to buy in the next six months want a single-family home outside of an urban area.

According to The Housing Opportunities and Market Experience (HOME) survey, a whopping 85 percent of owners and 75 percent of renters want to buy a single-family home. Just 15 percent of owners and 21 percent of renters are looking to buy in an urban area.

This demand for single-family homes, and the lack of inventory in many markets, underscore the need for builders to focus on creating new homes for the single-family suburban market.

“The American Dream for most consumers is not a cramped, 500-square-foot condo in the middle of the city, but instead a larger home within close proximity to the jobs and entertainment an urban area provides,” says Lawrence Yun, NAR chief economist. “While this is not a new discovery, supply and demand imbalances and unhealthy levels of price growth in several metro areas have made buying an affordable home an onerous task for far too many first-time buyers and middle-class families.”

3_15_single_famLast year, the inventory of existing homes was around a four- to five-month supply, way below the six- to seven-month supply that most economists consider normal.

Despite ongoing inventory issues, most consumers still believe that now is a good time to buy a home. The survey showed that 82 percent of owners and 62 percent of renters are optimistic about now being a good time to buy, though renter optimism is down slightly.

4 Key Takeaways:

Size and location: Most households anticipate their next housing purchase will be of similar size and in a similar location to where they currently live, though renters and younger buyers said their next purchase will be bigger than their current home. Of those currently living in an urban area, just 39 percent would purchase their next place in a similar location.

Prices: Half of those surveyed said that home prices in their area have gone up in the last year, and forty-four percent believe that prices will continue to increase over the next six months.

Economy: 48 percent of people are optimistic about the state of the U.S. economy, down slightly from last quarter’s survey.

Selling: 56 percent of respondents say that now is a good time to sell a home.

Source: National Association of REALTORS®; REALTOR® Magazine Online 031516

Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular (615) 371-2474 office email web blog
2 Cadillac Drive, Brentwood Tennessee address

Need a home? visit Search for Properties
Do you need marketing assistance for special projects or contract assignments? visit the Marketing page of Bargers Solutions


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Ad, Sales & Marketing.

Rachel Being Chatty

Now featuring 15% more sarcasm.


The Casual Way to Discuss Movies

The Ninth Life

It's time to be inspired, become encouraged, and get uplifted!


The Casual Way to Discuss Movies

The Shameful Sheep

shit storms, shame, and stories that make you cringe

Autoindigo Blog

Fresh news about automotive world. Cars overviews written by experts, pros and cons, features, performance, safety, interior and driving.

Little Fears

Tales of whimsy, humor and courgettes

VR, AR, 3D and Video Glasses Reviews

Woodstock Business Welcome

Welcome Wagon Canada

Blookup Blog

Turn and print all your digital contents, blogs and social networks into amazing real paper books on


Graphic Designer


Sabbles woz 'ere


A town everyone hates, yet no one leaves...

Attila Ovari

Loving Life and Inspiring Others

Augusta Littleton

Nonprofits and Charities

The Home Buyer Class Blog

What to know when buying a home

The Contractor's Cabinet

A Blog On Construction & More


Love, Travel Lifestyle and Destinations


My journey - The good, bad and the ugly


"A Blog worth reading "

john pavlovitz

Stuff That Needs To Be Said

Smart Discount Shop

Discover all the creative and ingenious ways to save money !


4 out of 5 dentists recommend this site


A great site

Vonj Productions

Bringing you love through spirit!

The Dystopian Nation of City-State

A cruel, futuristic vision created by science fiction authors James Courtney and Kaisy Wilkerson-Mills. ©2013-2016. All Rights Reserved. All writings available through Amazon.

Bubba Pigg

South' s Leading Anti- Intellectual: Wealthy in Common Sense and the Wisdom of Selfishness

@TheTexasBroker Blog

Real Estate Sales Houston Texas

The Travelling Pantry

Adventurous, Honest and Wholesome

Top 10 of Anything and Everything!!!

Animals, Gift Ideas, Travel, Books, Recycling Ideas and Many, Many More



William the butler

Serving drinks since 1985


This site is the bee's knees

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Covered in Beer

by Thomas Cochran, Known Moron

Natalie Breuer

Natalie. Writer. Photographer. Etc.

Post it Notes from my Idiot Boss

delivered directly to my computer monitor on an all too regular basis...

Late Blooming Entrepreneurs

Making it big in business after age 40