Wednesday, May 28, 2014

Home Buyers and Sellers See Season Heating Up

2,500 Americans in the market to buy or sell a home were interviewed online by Edelman Berland.  Participants in the survey were between 25 and 64 years old with a median income of at least $50,000.

Among the survey's findings:

  • 78 percent of potential buyers say it will be easier to buy a home this spring, since "home owners want to sell."
  • 63 percent of sellers say the improving economy and their perception of motivated buyers are increasing their optimism. 
  • 76 percent of consumers say pent-up demand will create more competition for existing homes this season.
  • 83 percent of buyers say they plan to buy a home sooner rather than later because they fear interest rates will rise.
  • Overall, 77 percent of the 2,500 consumers surveyed report having a favorable view of housing, a 12-point jump from one year prior. Millennials show the most optimism, at 85 percent. 

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