This Is the Reason 40% of House-Hunters Haven't Purchased a Home Yet

Maurie Backman, The Motley Fool
·3 min read
This Is the Reason 40% of House-Hunters Haven't Purchased a Home Yet

Record-low mortgage rates have led to a surge in buyer demand, and with limited inventory to choose from, getting an offer accepted often means having to duke it out with another buyer. About 40% say that's the primary reason they haven't managed to purchase property, according to a new survey by the National Association of Home Builders. If you're planning to buy a home in the near term, you may unfortunately wind up being flung into a bidding war, and you'll need a strategy in case that happens.