Last week, real estate research firm Zillow published a press release announcing the results of its latest Zillow Housing Confidence Index (ZHCI), which revealed that 10 percent of renters nationwide hope to become homeowners in the next year. According to the source, this figure equates to approximately 4.2 million people. However, there are a number of obstacles that stand in the way of these individuals accomplishing their goal. For example, inventory remains historically low throughout the country, meaning competition is high for prospective buyers.
"Even after a wrenching housing recession, this data shows that the dream of homeownership remains very much alive and well, even in those areas that were hardest hit," Zillow's chief economist, Stan Humphries, said in a press statement. "But these aspirations must also contend with the current reality, and in many areas, conditions remain difficult for buyers. The market is moving toward more balance between buyers and sellers, but it is a slow and uneven process."
If you're hoping to purchase real estate in Placer, El Dorado or Sacramento County sometime in the near future, you will need a Sacramento real estate agent who understands the ins and outs of the regional market and has a history of success matching buyers with their dream homes. Jon Hesse, one of the top real estate agents in the Greater Sacramento area, can help you find great properties for sale in spite of low inventory and get you closer to accomplishing your goal of becoming a homeowner.
Don't settle for just any Sacramento real estate agent. Make the smart choice and call Jon today to schedule an appointment and begin viewing Sacramento real estate listings.