What’s Happening in the Real Estate Market?

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This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors.

這是想要買房子的人或是賣家會問自己的一個問題,上週在新奧爾良由房地產編輯全國協會舉辦的第50屆房地產新聞博覽會中,房地產經濟學家們提出了他們的答案。

Here are the top takeaways from the week of presentations:
以下為這一週會議的重點:

Many of the conversations at the conference came back to the impact that Millennials and first-time home buyers will have on the market in the future. Jonathan Smoke, Chief Economist for realtor.com had this to say: 

許多在會議上的話題又繞回了千禧世代和首次購屋者將對未來房地產市場的影響。realtor.com的首席經濟學家喬納森.史莫克表示:

“At any given time in our history, demographics would explain 60-80% of what’s happening [in the market], and we are in a period of time where Millennials make up a largest demographic group according to the Census, at 84 million.”

“在歷史上的任何時間,人口統計會解釋60-80%[市場上]正在發生什麼狀況,而目前千禧世代正是人口統計中的最大族群,一共有八千四百萬人口。“

According to the National Association of Realtors (NAR), the median first-time home buyer age is 30 and many millennials are entering a prime age to drive the housing market into the future.

全美地產經紀商協會(NAR)表示,平均首次購屋者年齡為30歲,許多千禧世代正在邁入帶動房地產市場未來走向的黃金年齡。

Lawrence Yun, Chief Economist for NAR shared that myths and affordability may be holding back potential buyers:
NAR首席經濟學家勞倫斯.雲表示錯誤的觀念和經濟能力可能會阻礙買家:

“84% of current renters have the desire to own. While 36% believe they cannot afford a home and 60% of renters believe it would be ‘difficult’ to qualify for a mortgage.

“有84%的租屋者有想要自己購屋的慾望,但36%的人認為他們買不起房子,60%的租屋主認為拿到房貸一定很困難。

Ellie Mae’s Vice President, Jonas Moe encouraged buyers to know their options before assuming that they do not qualify for a mortgage:
艾麗美副總裁喬納斯.萌鼓勵買家應該在假設無法拿到房貸之前多了解他們的選擇:

“Many potential home buyers are ‘disqualifying’ themselves. You don’t need a 750 FICO Score and a 20% down payment to buy.”

“許多想要購屋者是自己判定自己’不合格’,你並不需要信用分數750分和20%頭期款才能購屋。

The National Multifamily Housing Council (NMHC) revealed that Millennials and Baby Boomers are often competing for the same housing inventory, causing a challenge as these two groups are the largest generations by population.

全國多戶住屋委員會(NMHC)表示,千禧年代和嬰兒潮人口將針對相同的房屋競爭,這兩個租群是目前最大的人口族群。

Both groups are looking for affordable, convenient homes close to city centers and ‘what’s happening.’

這兩個租群都正在尋找價格實惠,交通方便,靠近城市中心的房屋。

Bottom Line
結論

The experts agree that homeownership is still desirable across all demographic groups, with Millennials and Baby Boomers having a great impact on available supply. If your dreams include owning your own home, let’s get together and evaluate your ability to buy now!

專家們一致認為,所有的人口族群都希望擁有自己的住屋,千禧年代和嬰兒潮人口對房市影響力最大。如果您的夢想包括擁有自己的家,讓我們一起幫助您評估您的購屋能力!

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