DAILY REAL ESTATE NEWS | FRIDAY, NOVEMBER 17, 2017
Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position:
- The “no inspection” trend: 58 percent
- The “offer sight unseen” trend: 57 percent
- The “co-buying with strangers” trend: 54 percent
- The “cashing out from retirement savings” trend: 37 percent
- The “tiny home” trend: 36 percent
Source: ValueInsured