Homebuyer & seller change behaviors with inflation

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Real Estate

Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to inflation, while 24% are accelerating their plans. 

Seventy-three percent of homebuyers and sellers say inflation is influencing their future buying  or selling plans, according to a recent Redfin survey. 

Twenty-nine percent of respondents said they’re delaying homebuying plans due to inflation, defined in the survey as rising prices of goods and services. Twenty-four percent of respondents are moving up their homebuying plans and 11% are canceling plans altogether. Meanwhile, 10% of respondents said inflation is causing them to move up their home selling plans, 7% are delaying their selling plans and 3% are canceling. 

The Redfin-commissioned survey is of 1,500 U.S. residents who are planning to buy or sell a home in the next 12 months. The survey was fielded by research technology company Lucid from December 10 to 13, 2021.

Click here for more information: https://www.redfin.com/news/inflation-homebuying-survey/