[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2jql8mvm7itvo":3,"$ffeh0925h8cuz":46,"$f2emv3tus0uf1":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},373,"52-likely-to-buy-in-the-next-5-years-are-you","52% Likely to Buy in the Next 5 Years!! Are You?","According to the recently released \u003Cem>BMO Harris Bank \u003Ca href=\"https:\u002F\u002Fnewsroom.bmoharris.com\u002Fmanual-releases\u002F2015\u002FMore-Than-Half-of-Americans-Say-They-Are-Likely-to\">Home Buying Report\u003C\u002Fa>\u003C\u002Fem>, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also had other interesting revelations.\r\n\r\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002F01162202\u002FLikely-to-Buy.jpg","According to the recently released \u003Cem>BMO Harris Bank \u003Ca href=\"https:\u002F\u002Fnewsroom.bmoharris.com\u002Fmanual-releases\u002F2015\u002FMore-Than-Half-of-Americans-Say-They-Are-Likely-to\">Home Buying Report\u003C\u002Fa>\u003C\u002Fem>, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also had other interesting revelations.\r\n\r\n\u003C!--more-->\r\n\u003Ch3>\u003Cstrong>Those Looking to Buy\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\u003Cul>\r\n\t\u003Cli>74% of those looking to buy a new home will consult a real estate agent\u003C\u002Fli>\r\n\t\u003Cli>59% said they will visit online real estate websites\u003C\u002Fli>\r\n\t\u003Cli>37% will seek recommendations from friends and family\u003C\u002Fli>\r\n\t\u003Cli>78% plan to get pre-approved before seriously searching for a home\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Ch3>\u003Cstrong>Those Who Already Own\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\u003Cul>\r\n\t\u003Cli>75% of current home owners set a budget before looking for a home. 16% ended up spending less while 13% went over their budget.\u003C\u002Fli>\r\n\t\u003Cli>63% of American homeowners spent under six months looking for a new home before they made a purchase.\u003C\u002Fli>\r\n\t\u003Cli>8% bought their home without participating in an active real estate search - or even any plan to buy at all - because a specific property caught their attention.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nThe last point is very interesting: Of those that purchased a home, 8% bought “without any plan to buy at all”. A property caught their attention and they acted on it.\r\n\u003Ch3>\u003Cstrong>Why are More People not \u003Cu>Planning\u003C\u002Fu> their Next Move?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhy are people that are considering a move not putting their home search to a plan, and instead, buying only when a property catches their attention? A \u003Ca href=\"http:\u002F\u002Ffanniemae.com\u002Fportal\u002Fabout-us\u002Fmedia\u002Fcommentary\u002F080315-deggendorf-wilcox.html?sf11644984=1\">recent article\u003C\u002Fa> by \u003Cem>Fannie Mae\u003C\u002Fem> may give us that answer, there is evidence that a large numbers of homeowners are dramatically underestimating the equity they have in their current home. The report explains:\r\n\u003Cblockquote>\u003Cem>“Homeowners may be underestimating their home equity. In particular, if homeowners believe that large down payments are now required to purchase a home, then widespread, large underestimates of their home equity could be deterring them from\u003C\u002Fem> \u003Cem>applying for mortgages, selling their homes, and buying different homes.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nPerhaps it is time to sit with a real estate professional to determine the actual equity you have in your house and take a look at the opportunities that currently exist in the real estate market. This may be the perfect time to move-up, move-down or buy that vacation home your family has always wanted.","\r\nPerhaps it is time to sit with a real estate professional to determine the actual equity you have in your house and take a look at the opportunities that currently exist in the real estate market. This may be the perfect time to move-up, move-down or buy that vacation home your family has always wanted.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2015-08-27T10:00:36Z","2015-08-25T12:56:37Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},372,"should-i-wait-to-put-down-a-bigger-down-payment","Should I Wait to Put Down a Bigger Down Payment?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002F01162205\u002FShould-I-Wait.jpg","2015-08-26T10:00:14Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},374,"nars-latest-existing-home-sales-report-infographic","NAR'S Latest Existing Home Sales Report [INFOGRAPHIC]","https:\u002F\u002F\u002F","2015-08-28T10:00:45Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[55,59,60,61,65,69,73,74,78,82,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":70,"name":71,"slug":72},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":79,"name":80,"slug":81},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]