By Gino Blefari
For many homebuyers, rising prices and low inventory continue to push the market seemingly out of reach. In the CoreLogic Case-Shiller September report, Seattle, Portland, and San Francisco experienced the steepest price hikes with 13.5%, 7.6%, and 7.4% increases respectively since last year. Also, the National Association of REALTORS® says existing home sales were down 1.7% last month.
Yet despite these market challenges, our research shows that prospective buyers, particularly Millennials, remain positive about the market and are determined to find the home they want. This may be, in part, to the resourcefulness of buyers who have found increasingly novel ways to make their bid stand out.
Our national Berkshire Hathaway HomeServices Homeowner Sentiment Survey released in September found that: