October

The next moves for unsuccessful buyers

Failed home searches are not uncommon. In fact‚ 55% of buyers in the second quarter of this year said their house hunts lasted three months or longer.1 So‚ what was the next move for these buyers?

  • Of those surveyed‚ 62% stayed the course and continued to search for a home in their preferred location.
  • Thirty-six percent expanded their search area; 21% settled for an older or smaller home.
  • Sixteen percent postponed their search until next year or later.

As the #1 mortgage company in Greater Lexington for 17 consecutive years‚ Capstone Mortgage is here to provide guidance and support.

1Rose Quint‚ “Unaffordable prices hold back prospective homebuyers‚” Eye on Housing Blog‚ last updated September 5‚ 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s