The Best Week to Buy a House? It’s Coming Up
According to data from Realtor.com®, Sept. 25 through Oct. 1 is the best time to buy a home this year across the U.S.
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Most Americans Can’t Properly Define Mortgage Rate, Other Real Estate Terms
Overall, while 62% of Americans couldn’t define mortgage rate, another 50% couldn’t define interest and 48% couldn’t define offer.
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Majority of Buyers Report Compromising on Priorities
A good real estate agent made the homebuying process easier than they expected, said nearly half of recent buyers.
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How Much Do Buyers Really Know About the Buying Process?
More than 60% of consumers in a recent survey could not correctly define mortgage rate.
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Majority of Buyers Prepared to Make an Offer in Three Days or Less
Sixty-five percent of buyers said they were willing to make an offer within three days of viewing a home and 20% said they were prepared to make one immediately after viewing.
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Location, Square Footage Most Important to Buyers in 2022
Location is key to 88%, followed by square footage at 73%, both topping listing price, which 68% cited as a top feature.
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What and When Homebuyers Are Searching
Pools saw an increase in popularity among online home shoppers.
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Suburbs’ Popularity Reigns, Buyers Continue to Face Stiff Competition
The growth of consumers browsing online for homes for sale in the suburbs has increased 42.1% compared to two years ago.
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Homeownership Tops Consumers’ Investment Goals Over Wedding, Vacations
Eighty-two percent of unmarried consumers would rather invest in buying a home than paying for a big wedding.
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October Is the Best Time to Close for Buyers, Report Says
A new report finds that October through February is the best time to close for buyers.
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