Spring Home Shoppers No.1 Competitor: Their Budget
News Corporation - Class A (NWSA)
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Source: PR Newswire
SANTA CLARA, Calif., March 21, 2019 /PRNewswire/ -- This spring's home shoppers expect less competition overall as more inventory continues to hit the market nationwide, but will struggle with affordability as home prices continue to rise, according to new survey data released today by realtor.com®, the Home of Home Search?. The survey also found, nearly half of shoppers this spring are looking for homes at or under $200,000, which despite less competition will prove difficult to find, as this one segment of housing has actually experienced the largest inventory decline year-over-year. Realtor.com® conducted the online survey earlier this month, consisting of 1,015 respondents planning to purchase a home in the next 12 months in conjunction with Toluna Research."The 2019 spring home buying season will be characterized by rising home prices, a moderate pace of home sales, and an influx of inventory," said Danielle Hale, realtor.com®'s chief economist. "More homes on the market and low
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