Home buyers unable to find a home earlier this year are taking to the market this winter despite the colder weather and limited inventory, according to realtor.com’s Winter Home Buyer Report.
More than 1,300 people looking to buy a home during the winter months told realtor.com that lingering conditions from the past home-buying season, including inventory challenges and all-cash offers, continue to set the tone for them as they enter the winter season.
“This summer and spring home-buying season was particularly challenging for buyers, especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventory,” said Alison Schwartz, Vice President of Corporate Communications at realtor.com. A quarter of the winter home buyers revealed they are in the market now because they were unable to find a home earlier this year.
Check out the great infographic below and click here for the full article, including statistics from the Winter Home Buyer Report.
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