More buyers prepared to buck up for homes - RedfinMay 24, 2013 @ 8:04 am
Homebuyers are saying they're willing to pay more for a residential property due to concerns over low inventory.
In the second quarter of 2013, 41 percent of buyers said they're willing to offer more, up from 34 percent in the first quarter, according to a survey of more than 1,300 homebuyers in 22 major markets by Seattle-based real estate brokerage Redfin.
The number of buyers who say they're concerned about rising home prices has more than doubled in the past year, according to the survey. Seventy-nine percent of homebuyers say they believe prices will increase in the next 12 months-with 23 percent of that group saying by "a lot."
"Homebuyers are accepting the reality of a seller's market and expressing a willingness to pay more," according to the brokerage's survey.
A big collection of equipment that would make James Bond envious is on display in Seattle
Find a good spot for your Sunday brunch
Week in Photos
Holy Week, white tiger's reflection, and Easter goes to the fishes make up this week's photos
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.