Real Estate
More Renters Choosing to Buy
According to an article by Zillow, nearly 5.2 million renters will switch to homeownership in the next year alone – meaning more and more...
According to an article by Zillow, nearly 5.2 million renters will switch to homeownership in the next year alone – meaning more and more families will be searching for the new home of their dreams!
This prediction was made by the Zillow Housing Confidence Index (ZHCI), which is sponsored by Zillow and developed by Pulsenomics LLC. The index surveys renters and homeowners about industry conditions across 20 major metro areas in the United States. Their overwhelmingly positive predictions for this year are almost 25% higher than what they projected this time last year. Additionally, the index also shows homeowners remain more confident than renters across the board.
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Stan Humphries, Zillow Chief Economist, notes “as home affordability continues to look great and rental affordability looks abysmal, many current renters clearly seem to be rethinking their attitude toward homeownership, and are expressing more confidence in the overall housing market as a result.”
And where are they looking? Mixed-use communities like Villages of Urbana!
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At Villages of Urbana, we have stunning new townhomes available that are perfect for all types of buyers, from first-timers to housing market veterans. Built by both Ryan Homes and NVHomes, there are a variety of floor plans and optional features available. With the opportunity for rooms like owner’s baths and powder rooms, your new townhome at Villages of Urbana will be uniquely yours!
And, another reason Villages of Urbana is so attractive to families is the community-centric atmosphere and abundance of community features. With pools, tennis courts, playgrounds and walking trails, Villages of Urbana is the dream neighborhood. With our Market District bringing shops, businesses, a grocery store and library right to the heart of our community, running weekly errands doesn’t have to be a chore. And, with a new elementary school in the neighborhood, the idea of raising a family here just keeps getting better and better.
With spacious floor plans that feature luxury finishes, outstanding community amenities and a welcoming neighborhood atmosphere, Villages of Urbana offers first-time home buyers and their families everything they’re looking for in their first home!
Source: Zillow
