Century 21 Real Estate LLC, the franchisor of the world’s largest residential real estate sales organization, today announced the results of its spring home selling survey, conducted online by Harris Interactive among 2,058 U.S. adults (18+) in May, 2013. The CENTURY 21® survey revealed that 33 percent of people currently searching for a home have been on the hunt for more than a year, and that the vast majority of them are willing to negotiate with sellers and make compromises to find their next home. In particular, prospective homebuyers are willing to compromise on popular amenities and their home’s location.

1. This Is Why Being a Homebuyer Really Sucks Right
Now
2 CommentsBy Graham Wood | Posted May 29th 2013 3:30PM
Updated May 30th 2013 11:54AM
It's not fun being a homebuyer these days. We've
heard about rampant bidding wars all over the place
and rapidly rising home prices -- which means
homebuyers are having difficulty snagging the homes
they want, and the ones they do get aren't as cheap
as they might have been a few years ago. (Of course,
all of that sounds pretty good for the people selling!)
Just how tough is the market out there for buyers?
According to a new survey by real estate firm Century
21, pretty tough. Get a load of these numbers:
• 33 percent of people currently looking for a home have been house hunting for more than a year.
• 67 percent have been on the hunt for up to a year.
• 42 percent of house hunters have put an offer on a home in the past six months -- but only 11 percent of
those have had their offers accepted.
• That old adage "location, location, location" is becoming less important: 80 percent of homebuyers say
they would compromise on a location-related benefit such as commute, proximity to friends and accessibility
to restaurants and entertainment in order to snag a home.
Here's a handy infographic from Century 21 breaking down the shifting mindset of homebuyers in a market
overwhelmingly favoring sellers:
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