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The median age for first-time buyers was, at 36, the oldest it has ever been since 1981, as was the median age for repeat buyers, which rose to 59, during the survey period. I had a wonderful experience with Pro Source! I needed to sell my parents home and Caleb Duncan did an amazing job from beginning to end.
I was so grateful to have someone who made the process seamless and understood the emotional attachment I had with the house. I highly recommend them if you are looking for honesty, helpfulness, and a company that cares. My family had an amazing experience with Pro Source. I worked directly with Aaron Bitner who was extremely professional, helpful, understanding, and exceeded all my expectations. The share of white buyers jumped to 88 percent during the survey year, representing the largest share of white buyers since 1997.
Found 2 of over 3 reviews
NOW I HAVE TO WORRY AGAIN ABOUT ID theft and them selling my info to others. THEY NEED NOW TO DELETE MY INFO. They better not even contact me in a email or any other way. This company continues to leave letters and post cards in our mailbox. I have contacted them to ask them to stop mailing or dropping off letters to buy our property and house. The woman had 27 arrests and two active bench warrants for failure to appear in court at the time of her arrest, the source said. The woman did not interact with the actor, who was on another floor, the source said.
The shift comes as a historic shortage of available homes contributed to a stratospheric rise in home prices, leading to bidding wars, further driving up prices. The two-year run cooled as mortgage rates started climbing, rising above 7 percent by October, doubling in nine months. For many first-time buyers, soaring interest rates delivered a final blow, closing the door on ownership for the foreseeable future, as home sales stall amid the rising rates. It’s another twist and disappointment in two-and-a-half years of trying times for potential home buyers.
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It would have been a significant step up from renting their rundown Cape Cod-style house with damaged wood floors, tiny closets and a cramped bathroom in a town about 15 minutes from downtown Philadelphia. BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. BBB Business Profiles are provided solely to assist you in exercising your own best judgment.
The share of first-time buyers fell to 26 percent, plummeting to the lowest level in four decades, when a real estate trade association began tracking such data. The team at prosource home buyers is one of a kind. For someone who knows very little about buying/selling a home, the team was very understanding and provided me with information and answered all of my questions- even weeks later! It is extremely apparent this team cares about those they work with.
Older, White and Wealthy Home Buyers Are Pushing Others Out of the Market
For Elizabeth and William Stebner, the grueling house hunt might finally be over, but the anxiety lingers, and the process has been anything but joyful. Buying a home “was something that I was looking forward to with excitement,” Ms. Stebner said. “It should be an exciting process, a happy process.” Instead, it’s been marked by stress and uncertainty. Unable to compete against older buyers with cash offers, younger potential buyers feel like they are never going to own a house. In 2019, Lisa Sass left her career in celebrity publicity in Los Angeles in search of cheaper housing in Phoenix. At first, the decision seemed like a good one.
After my parents passed away and I inherited their home, I was overwhelmed with what to do with it. It needed updating and repairs that I simply wasnt equipped to handle myself. On a whim, I called and was greeted by a very pleasant, nonjudgmental person who scheduled an appointment for Lee to come see the house.
We will come out and take a look at the house and can usually make you an offer within 30 minutes! You can expect your offer within 24 hours. We'll be reaching out via phone call or email. Transaction went smooth and we were able to close on time. Ive been working with a gentleman named matt, super understanding, knowledgeable, and seems to genuinely enjoy working for this company.
The guy who came to my house even told me some other options that I had. When it comes to such a big decision in life one thing is truly important about the people you are dealing with and that is their character. Since my husband and I retired several years ago, we have planned to move to middle TN to be closer t family.
I didn’t have time for a traditional sale due to a family illness, they made a fair offer and helped us through every step. I can’t say enough about Christina and Caleb Duncan. If there was something we didn’t understand, they were there. My dealing with Pro Source was excellent. Everyone that interacted with was very professional and easy to work with. Selling my property couldn't have been easier!
First there were the rampant bidding wars, which left buyers outdoing each other to come up with the shiniest offer — $50,000 over ask? Rising interest rates threw cold water on those strategies, but even as the lines outside the open houses evaporate, the prices haven’t fallen enough to lessen the pain of the higher rates. About 54 percent of American renters don’t believe they will ever be able to afford to buy a home, according to a Credit Karma survey from October. Even buyers with large budgets and significant down payments are struggling to compete against an all-cash competition. First-time buyers account for the smallest share of the market in the 41 years that the National Association of Realtors has tracked such data.
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