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.
Quick and Profitable
Ron and Don say it's time to cut off Seattle's presidential ATM
Concertgoers are crying foul after missing the Journey-Steve Miller show for a traffic jam
Seeking a Sequel
Danny O'Neil has 3 things things to watch for as the Seahawks start training camp
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.