Buyers Finding More Purchasing Power While Sheltering

Nearly two-thirds of buyers recently surveyed say they’ve been able to save more money for their down payment due to the shelter-in-place orders.

Combined with low interest rates, more house hunters say they’re stretching their budgets and searching for larger homes in pricier neighborhoods this summer, according to a new survey from Realtor.com®. Also, 38% percent of home buyers recently surveyed say they have increased their target price range since starting their home search. Further, 41% of buyers say they are looking to buy sooner because of the pandemic.

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