Fewer than Half of Prospective Buyers Are Actively Looking for a Home
BY ROSE QUINT on NOVEMBER 25, 2019 •
An NAHB poll* of American adults in the third quarter of 2019 revealed that 12% are planning a home purchase in the next 12 months. Of that group, 44% are already actively engaged in the process of finding a home to buy, a smaller share than a year earlier when 47% of prospective buyers were engaged in the search process. This finding suggests that the lowest mortgage rates in the past three years did not lead more prospective home buyers to become actively engaged in the process of looking for a home.
Across generations, over 40% of each group moved beyond just planning and were already searching in the third quarter of 2019...click here to read more.