Fewer Prospective Home Buyers Are Actively in the Market

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Posted To: MND NewsWire

Fewer prospective homeowners are making the move from thinking about buying to actively shopping than a year ago, according to a new study by the National Association of Home Builders (NAHB). Rose Quint, writing in NAHB’s Eye on Housing blog says the association’s most recent Housing Trends Report , covering the second quarter, found 12 percent of adults are “thinking” about buying a home, but only 41 percent of those are doing more than that. This is 9 percentage points fewer than those who were actively shopping in the second quarter of 2018. Quint says this statistic suggests that lower interest rates “have not had the expected effect of nudging more people to start looking for a home to buy.” There was little difference in the share of those actively looking among the three younger age…(read more)

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