{"id":14500,"date":"2013-05-23T06:00:05","date_gmt":"2013-05-23T13:00:05","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=14500"},"modified":"2020-10-06T17:08:39","modified_gmt":"2020-10-07T00:08:39","slug":"homebuyer-survey-2013-q2","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/homebuyer-survey-2013-q2\/","title":{"rendered":"Homebuyers Undeterred by Seller\u2019s Market; Willing to Pay More"},"content":{"rendered":"<p>For the latest <a href=\"https:\/\/redfin.com\/research\/reports\/real-time-market-sentiment\">Redfin Real-Time Home-Buyer<\/a> report, we surveyed 1,353 active homebuyers who have recently toured homes with Redfin, in order to get their pulse on the market. While homebuyers\u2019 frustration with low inventory continues to increase, there is also increased understanding of the seller\u2019s market and a willingness to pay more. Expectations that prices will continue to increase remained largely unchanged, and concerns about overall economic stability continued to fall.<br \/>\nKey findings of this quarter\u2019s report include:<\/p>\n<ul>\n<li>\n<strong>Moving toward consensus that this is a seller\u2019s market:<\/strong> Just 31% of buyers believe now is a good time to buy in their neighborhood, down from 40% last quarter. \u00a0More than twice as many&#8211;67%&#8211;see now as a good time to sell, up from 48% last quarter.\n<\/li>\n<li>\n<strong>Increasingly willing to pay more:<\/strong> Forty-one percent of buyers indicated that low inventory has caused them to consider paying more for a home, up from 34% in the first quarter and just 26% in the fourth quarter.\n<\/li>\n<li>\n<strong>Homebuyers anticipating further price increases remained unchanged:<\/strong> The percentage of homebuyers who anticipate further price increases in their neighborhood remained virtually unchanged from last quarter. Both quarters, 79% indicated a belief that prices will increase in the next 12 months. This quarter, 23% think prices will rise \u201ca lot,\u201d up just slightly from 22% last quarter.\n<\/li>\n<li>\n<b id=\"docs-internal-guid-607e678a-cee1-3aaf-f847-62774b5b7ebb\">Rising prices are an increasingly common concern: <\/b>Forty-eight percent of buyers listed rising prices as a major concern, up from 40% last quarter.Sixty-five percent cited low inventory as a major concern in the first quarter, down slightly from 66% last quarter.\n<\/li>\n<\/ul>\n<p>For the full report including data tables and charts, visit the <a href=\"https:\/\/redfin.com\/research\/reports\/real-time-market-sentiment\">Real-Time Market Sentiment<\/a> in Redfin&#8217;s Research Center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homebuyers\u2019 frustration with low inventory continues to increase, there is also increased understanding of the seller\u2019s market and a willingness to pay more.<\/p>\n","protected":false},"author":13505,"featured_media":12043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[35,13],"dashboard":[],"coauthors":[],"class_list":["post-14500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-redfin-surveys","tag-redfin-tools"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Homebuyers Undeterred by Seller\u2019s Market; 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