The low supply in many US housing markets has made finding the right home the biggest challenge for homebuyers
The low supply in many US housing markets has made finding the right home the biggest challenge for homebuyers.
The issue was top for 20% of respondents in a new survey by Trulia and Kwikset with finding the right location (16%) and price & financing taking third place (15%).
The poll found that more than a third of buyers found their home within 3 months and 39% within six months; more than half only bid on the home they bought with almost a third putting in offers on two.
Local real estate agents were still the top choice of homebuyers (63%) with Zillow (62%) coming a close second.
Price was the main driver of the decision to buy the home (88%) followed by features (77%), neighborhood security (76%), size of the home (74%) and security of the home (69%).
For millennials, needing more space was the reason for purchase of more than half of respondents, followed by buying their first home and being able to afford a nicer home.
Gen-X buyers were also looking for more space, a nicer home or a better neighborhood; boomers wanted a nicer home, better neighborhood, and less space.
Most of the first-time buyers (64%) spent less than $300,000 on their new home while most movers were split between $300k-599,999 (40%) and less than $300k (39%).
The issue was top for 20% of respondents in a new survey by Trulia and Kwikset with finding the right location (16%) and price & financing taking third place (15%).
The poll found that more than a third of buyers found their home within 3 months and 39% within six months; more than half only bid on the home they bought with almost a third putting in offers on two.
Local real estate agents were still the top choice of homebuyers (63%) with Zillow (62%) coming a close second.
Price was the main driver of the decision to buy the home (88%) followed by features (77%), neighborhood security (76%), size of the home (74%) and security of the home (69%).
For millennials, needing more space was the reason for purchase of more than half of respondents, followed by buying their first home and being able to afford a nicer home.
Gen-X buyers were also looking for more space, a nicer home or a better neighborhood; boomers wanted a nicer home, better neighborhood, and less space.
Most of the first-time buyers (64%) spent less than $300,000 on their new home while most movers were split between $300k-599,999 (40%) and less than $300k (39%).
