Market update with Carol Madden Shugars of Berkshire Fox & Roach, Doylestown As we enter the last quarter of 2019, five key themes have been identified from the National Association of Realtors (NAR) annual survey of recent buyers and sellers. Their report recently pub- lished in the November 8 edition of "Re- altor Magazine" was based on surveys of more than 5,800 consumers. First, 89% of buyers say they used an agent to represent them in the purchase of a home, a record high. The need for a trusted real estate professional to help the most difficult step of the purchasing process because of student loans and other debt, making the median down payment 12% for all buyers. Fourth, higher home prices have trans- lated into faster appreciation for home- owners. Sellers this year sold their homes for a median of S60,000 more than they paid when they purchased. The median home tenure for sellers is 10 years now up from six years in 2008 Finally, home inventory levels remain low. Existing home sales have edged up from 86% of the market last year to 87% this year sell a home is still paramount. Personal relationships remain very important in the process of buying and selling a property. Second, unmarried BERKSHIRE HATHAWAY To summarize, it is still a seller's market because fewer homes are for sale. HomeServices Homeowners are staying n their homes longer and there remains a lack of new construction availability down by 3% failing to keep up with buyer demand. buyers are on the rise, 9% as compared with 8% a year ago. Young millennials, as I had previously reported, make up 25 % of all home buyers the largest share. Third, more than a quarter of buyers, 28%, say they have delayed purchasing because of debt. Many of those buyers cited saving for a down payment has been Submitted by Berkshire Hathaway HomeServices- Carol Shugars Carol is a 3rd-generation Bucks County native, so she is quite familiar with all our local communities and service providers. She is available to answer any questions you have or of fer an area tour of homes Contact her at 215-327- 0137, or carol.shugars@ fh.com. her on Facebook at car olshugarsbucksrealtor and Instragram at sweetlifere alestate. Follow Market update with Carol Madden Shugars of Berkshire Fox & Roach, Doylestown As we enter the last quarter of 2019, five key themes have been identified from the National Association of Realtors (NAR) annual survey of recent buyers and sellers. Their report recently pub- lished in the November 8 edition of "Re- altor Magazine" was based on surveys of more than 5,800 consumers. First, 89% of buyers say they used an agent to represent them in the purchase of a home, a record high. The need for a trusted real estate professional to help the most difficult step of the purchasing process because of student loans and other debt, making the median down payment 12% for all buyers. Fourth, higher home prices have trans- lated into faster appreciation for home- owners. Sellers this year sold their homes for a median of S60,000 more than they paid when they purchased. The median home tenure for sellers is 10 years now up from six years in 2008 Finally, home inventory levels remain low. Existing home sales have edged up from 86% of the market last year to 87% this year sell a home is still paramount. Personal relationships remain very important in the process of buying and selling a property. Second, unmarried BERKSHIRE HATHAWAY To summarize, it is still a seller's market because fewer homes are for sale. HomeServices Homeowners are staying n their homes longer and there remains a lack of new construction availability down by 3% failing to keep up with buyer demand. buyers are on the rise, 9% as compared with 8% a year ago. Young millennials, as I had previously reported, make up 25 % of all home buyers the largest share. Third, more than a quarter of buyers, 28%, say they have delayed purchasing because of debt. Many of those buyers cited saving for a down payment has been Submitted by Berkshire Hathaway HomeServices- Carol Shugars Carol is a 3rd-generation Bucks County native, so she is quite familiar with all our local communities and service providers. She is available to answer any questions you have or of fer an area tour of homes Contact her at 215-327- 0137, or carol.shugars@ fh.com. her on Facebook at car olshugarsbucksrealtor and Instragram at sweetlifere alestate. Follow