Buyers taking longer to find the “right” home

Green Escrow | Real Estate Market News

According to a new survey by the National Association of Home Builders, 54 percent of active buyers are taking up to three months or longer to find the right home.

Of course, low inventory is largely responsible as are properties within their price range, according to 49 percent of respondents. Other reasons include the lack of desired features (40 percent) and looking for the right neighborhood (38 precent).

Yet, despite the obstacles, 61 percent say they will keep looking, while 18 percent say they will put off the search for now and resume in the nest year or later.