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/