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Survey shows buyers still stymied by lack of choice
A survey of nearly 1,000 potential home buyers conducted by Redfin across 19 metropolitan markets in the U.S. found that 46 percent of buyers believe now is a good time to buy, a decrease from the previous two quarters. The survey also found that 32 percent of homeowners believe now is a good time to sell.
Other highlights from the survey include:
- Sixty-one percent of respondents believe prices will increase, up two quarters in a row
- Sixty-two percent said they are “very interested” in conventional sales, up from 57 percent in the second quarter and 48 percent in the first quarter
- Thirty-one percent would step back from competing against other buyers for a home, compared with 28 percent in the second quarter
- Twenty-seven percent of respondents cited general economic weakness as a concern about buying this year, up from 24 percent in the second quarter and 20 percent in the first quarter.
From C.A.R. Newsline