Prices, Not Inventory, Top Homebuyers Concerns
What’s the biggest concern among current homebuyers? Price. According to a recent study of more than 3,500 buyers, 27 percent cited rising home prices as their chief concern.
According to Daily Real Estate News, 17 percent of the respondents were concerned about competition from other buyers, while 14 percent noted low inventory. 31 percent of first time homebuyers were worried about rising home prices.
Additional causes for concern included the burden of selling a current home first (8 percent); money for a down payment (6 percent); and the possibility of rising mortgage interest rates. Last year’s top concern, which was cited by nearly half the respondents, was the limited number of homes on the market.
Category Real Estate
Lyon Real Estate
Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate.