By Jann Swanson | Mortgage News Daily
It is often billed as the most important and consequential financial decision a household can makes, so it probably follows that buying a home should not be a quick one. Findings from the National Association of Home Builders’ (NAHB’s) Housing Trends Survey Report indicate that prospective home buyers take the decision seriously. They are also apparently willing to take their time.
In its fourth and final report derived from the third quarter survey, NAHB analyst Rose Quint says that 13 percent of those polled indicated they intend to buy a home in the next 12 months and of those, almost half (46 percent) have already begun the search. Of those, 54 percent have been trying to find the right home for at least three months.
