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As a native of the Peoria area and a homeowner in Peoria I have always felt this is a great place to live and I love selling houses to buyers here.  Now I’m not alone in my thoughts, check out this news, then call me to help you find a house! ~Melissa

 

10 Affordable Markets Beckon Millennials

DAILY REAL ESTATE NEWS | MONDAY, SEPTEMBER 29, 2014

High prices, limited inventory, job shortages and tight lending standards are making it a difficult time for Millennials looking to buy their first homes, but there are some markets out there that could still appeal to younger home buyers.

Realtor.com® identified 10 markets that are “primed and ready” for millennial home buyers this fall. Affordable home prices and increases in inventory in these areas could appeal to first-time buyers, which would help to improve the housing market by increasing construction and creating job and income growth. To be included on the list, markets had to report a Housing Affordability Index higher than 240 and increases in inventory month-to-month or year-over-year.

“Millennials are a critical component of the first-time home buyer market segment,” says Jonathan Smoke, chief economist for realtor.com®. “Getting this segment functioning again is an absolute necessity for bringing the housing ecosystem back to full health.”

Millennials looking to buy their first homes will also benefit from a decrease in investor presence, according to Lawrence Yun, chief economist and senior vice president of research for the National Association of REALTORS®. Sales to investors fell to 12 percent in August, the lowest rate in nearly five years.

“For first-time home buyers this means reduced competition and less all-cash offers in the marketplace,” Yun said.

The top 10 fall markets for millennial home buyers (in alphabetical order) are:

  • Akron, Ohio
  • Buffalo-Niagara Falls, N.Y.
  • Charleston, W. Va.
  • Grand Rapids-Muskegon-Holland, Mich.
  • Harrisburg-Lebanon-Carlisle, Pa.
  • Indianapolis, Ind.
  • Melbourne-Titusville-Palm Bay, Fla.
  • Memphis, Tenn.
  • Peoria-Pekin, Ill.
  • Syracuse, N.Y.

Source: “Realtor.com® Data Reveals the Top 10 Fall Markets for Millennial Home Buyers,” (Sept. 29, 2014) Move.com

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  • Mohammed Abdul

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    Melissa did a great job explaining the home buying process for a first time home buyer. Also she helped us significantly with the price negotiation process. I highly recommend Melissa to anyone in the market buying/selling a house.

  • Terry and Mary Pyatt

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    We are very pleased with Melissa and her up to date approach to buying and selling real estate. She is very savvy and takes much care to see that her clients interests are protected.

  • Emilee Goad

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    Melissa was extremely helpful in assisting us with both selling and buying. She is extremely knowledgeable and beyond helpful for first-time buyers!

  • Adam

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    Melissa Stevenson is the best realtor to work with. She is prompt, responsive and knowledgeable. Our family has used here for 6 years for buying and selling. There simply is no one better!

  • Jim Bonnett

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    Melissa Stevenson went the extra mile to get our house sold in four days! She is knowledgeable about area and was helpful during the whole home sale process.

    I highly recommend Melissa to anyone selling their home!

  • Victor Johnson

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    Went much faster than we expected.

    Couldn’t expect anything more from her.

    Thank you Melissa.

  • Isaiah & Shcoria

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    Melissa was the best realtor we could’ve asked for! She was so patient with us in our journey and we would recommend her to anyone we know who is looking to buy/sale a house!

  • Wesley

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    This was my first time selling a house, Melissa answered all my questions promptly, very knowledgeable. Highly recommend.

  • Suzanne

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    Melissa Stevenson made selling my parent’s home effortless. She is very understanding and knowledgeable. Melissa took the time to explain the process and helped me navigate through the financial process.

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