Published July 1, 2020
How much can I buy a starter home for in Bakersfield?
Big Demand for Small Homes
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Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.
Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year.
<blockquote style="color: rgb(102, 102, 102); letter-spacing: normal; caret-color: rgb(102, 102, 102); margin-top: 1.5em; margin-bottom: 1.5em; padding: 1em; border-top-style: none; border-right-style: none; border-bottom-style: none;" helvetica="" neue",="" helvetica,="" arial,="" sans-serif;="" font-size:="" 1em;="" line-height:="" 1.3;="" outline:="" none="" !important;="" border-left-width:="" 1px="" border-left-color:="" rgb(229,="" 229,="" 229)="" !important;"="">
“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”
<h4 style="color: rgb(102, 102, 102); letter-spacing: normal; caret-color: rgb(102, 102, 102); margin: 1.75em 0px 0.5em; text-rendering: optimizelegibility; line-height: 1.4; font-size: 1.2em;" open="" sans",="" sans-serif;="" font-weight:="" 300;="" letter-spacing:="" -0.035em;="" color:="" rgb(0,="" 174,="" 255);="" outline:="" none="" !important;"="">Why are smaller homes trending now?
As noted in the article, there are a few main reasons for this demand:
- “Many of today's younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
- “Today's older homeowners are expressing a desire for smaller, less maintenance-heavy and more accessible (read: less stairs) homes as they age and move into newer homes.”
With these two demographic groups surging through the market, the demand for this type of home is rising. If you’re a homeowner with a smaller-scale house, now may be a great time to sell, as the demand for this end of the market is surely on the rise.
With that being said, would you like to know how much your starter home can sell for here in Bakersfield, CA? If that answer is yes, CLICK HERE
Or would you like to know how much you can buy a starter home for here in Bakersfield, CA? We'd suggest Mid $100,000 to low $200k's for a starter home.We have an amazing Mortgage Payment Calculator HERE Follow that link to find out what your payment would be on a starter home here in Bakersfield, CA / Kern County.
Start your Bakersfield Home Search Here
<h3 style="color: rgb(102, 102, 102); letter-spacing: normal; caret-color: rgb(102, 102, 102); margin: 1.25em 0px 0.2em; text-rendering: optimizelegibility; font-size: 1.2em; line-height: 1.3;" open="" sans",="" sans-serif;="" font-weight:="" 300;="" letter-spacing:="" -0.035em;="" color:="" rgb(0,="" 174,="" 255);="" outline:="" none="" !important;"="">Bottom Line
The demand for smaller houses will continue to rise throughout 2020. Let’s get together to discuss what the housing inventory looks like in your neighborhood. It might be time for you to take advantage of this trend!
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