What’s Motivating Buyers to Purchase Now?

December 19th, 2018

It’s the expectation the prices are going to continue to rise.  A Redfin survey of over 1,000 active homebuyers clearly showed that consumers are starting to feel a sense of urgency to purchase soon because they believe prices will move higher in the next 12 months.

Also, buyers are citing low interest rates as the leading reason they want to buy this year with some 57 percent indicating that as a major factor.

As prices rise, there are also more respondents who say it is becoming a better time to be a home seller too.

Repeat buyers are planning to make upgrades in the home they purchase.  Forty-nine percent will buy a “much bigger”  home.  And 41 percent plan to buy a home nearly the same size, but one that has more upgrades or is in a different location.

Redfin predicts that 2013 will be the year of the move-up buyer.

What’s Motivating Buyers to Purchase Now?

It’s the expectation the prices are going to continue to rise.  A Redfin survey of over 1,000 active homebuyers clearly showed that consumers are starting to feel a sense of urgency to purchase soon because they believe prices will move higher in the next 12 months. Also, buyers are citing low interest rates as the leading […]

How Good Home Design Works

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