Homebuyers See Themselves Priced Out of Market

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Posted To: MND NewsWire

Consumers are increasingly tuning in to the topic of rising home prices in their communities. The National Association of Home Builders (NAHB) said prospective home buyers are particularly aware of the availability of affordable homes that are for sale in their local markets and perceiving it as a serious issue. NAHB conducted a nationwide survey of 11,674 adults in the first quarter regarding their perceptions about the availability and affordability of housing in their markets. Of those 2,000 or 17 percent reported they plan to purchase a home within a year. Those prospective homeowners were asked to estimate the share of for-sale homes in their markets that they could afford to purchase. Eighty-three percent said they could afford fewer than half of the available homes. In the previous survey…(read more)

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