Buyers are Being Realistic About Ongoing Housing Shortage Challenges

The share of consumers who hoped to buy a home in the next six months plummeted from 34% a year ago to 21% this year, according to a newly released homebuyer flash survey conducted by Point2 Homes, an online real estate marketplace.

But it’s not from a lack of eagerness: 50% of respondents said they were determined to buy as soon as they find the right property. Concerns about housing shortages are increasing, but fewer respondents appear worried about their financial stability. Read more.