Time spent searching for a home is rising
from Eye On Housing
Of the 11% of American adults considering a home purchase in the final quarter of 2019, only 43% reported being actively engaged in the process to find and buy a home. A year earlier, the comparable share of active buyers was a much stronger 54%. This finding suggests that mortgage interest rates steadily below 4% in recent months have not motivated more prospective buyers to get started trying to find a home to buy.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063