The temperatures are dropping and the snow may soon be falling but there can be seasonal benefits for consumers who decide to shop for a home this winter including: less competition, better prices and motivated sellers, according to realtor.com’s Winter Home Buyer Report.
The site surveyed 1,300 prospective buyers to find out who is hoping to buy this winter and what market challenges they expect to face. The findings:
- Many expect the lower housing inventory to be a challenge.
- Relocation buyers, owners downsizing and first-time buyers are the most common winter buyers.
- Nineteen percent of winter home buyers expect to pay in cash.
Read the news release from realtor.com for more information on the survey and its findings.
In other headlines:
Chicago sees sharp rise in home prices in October – Daily Herald
Investors Target ‘Hipster’ ZIPs for Rental Returns – REALTOR® Magazine