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.