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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:
41 34 4 3
0 5
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Aol real estate home sellers survey

  • 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: 41 34 4 3 0 5 Sign Up For Our Newsletter Now Type your e-mail address. SIGN UP× Mail Hi, Guest Sign In Help & FeedbackDailyFinance and More Main Homes for Sale Rentals Home Values News Home Finance How To Guides Videos About Us Enter City, State or ZIP SEARCH Home for Sale Rentals Articles Home Values