By Rose Quint | Eye On Housing
An earlier post revealed that 62% of buyers who were actively engaged in the process of finding a home in the third quarter of 2020 have spent upwards of 3 months searching for a home without success. Although the top reason long-time searchers haven’t pulled the trigger continues to be the inability to find an affordable home (38%), that share is lower than a year ago (45%). In contrast, the share who blame it on getting outbid by higher offers from other buyers almost doubled in the last year, from 15% to 27%.
