{"id":19634,"date":"2021-11-09T13:29:56","date_gmt":"2021-11-09T13:29:56","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19634"},"modified":"2021-11-09T13:29:56","modified_gmt":"2021-11-09T13:29:56","slug":"bidding-wars-still-burden-unsuccessful-buyers","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/bidding-wars-still-burden-unsuccessful-buyers\/","title":{"rendered":"Bidding Wars Still Burden Unsuccessful Buyers"},"content":{"rendered":"

Bidding Wars Still Burden Unsuccessful Buyers<\/h1>\n
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A majority of house hunters say it\u2019s not prices that are keeping them out of the housing market\u2014it\u2019s other buyers. Forty-five percent of prospective buyers recently surveyed say they keep getting outbid by other offers, according to a new survey from the National Association of Home Builders. The NAHB says this is only the third time in the survey\u2019s history that the top reason prospective buyers have been unsuccessful has not been due to finding a home at an affordable price.<\/p>\n

In the third quarter, 66% of active home buyers say they\u2019ve spent three months or more searching for a home without success.<\/p>\n

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But even as competition remains fierce, prospective buyers are not giving up. Nearly half of active buyers who have been searching for three months or more say they will continue to look for the \u201cright\u201d home in the same location.<\/p>\n

Twenty-nine percent of house hunters say they will accept a smaller or older home so they can expand their home search.<\/p>\n

Twenty-two percent of buyers say they will give up on their home search until next year or later. That is down slightly from the second quarter, when 20% said they\u2019d give up, and significantly lower than a record high of 28% reached in the final quarter of 2020, the NAHB survey shows.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cBidding Wars Jump as Top Reason Buyers Can\u2019t Purchase<\/a>,\u201d National Association of Home Builders\u2019 Eye on Housing blog (Nov. 4, 2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bidding Wars Still Burden Unsuccessful Buyers A majority of house hunters say it\u2019s not prices that are keeping them out of the housing market\u2014it\u2019s other buyers. Forty-five percent of prospective buyers recently surveyed say they keep getting outbid by other offers, according to a new survey from the National Association of Home Builders. The NAHB … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19634","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nBidding Wars Still Burden Unsuccessful Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/bidding-wars-still-burden-unsuccessful-buyers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Bidding Wars Still Burden Unsuccessful Buyers\",\"datePublished\":\"2021-11-09T13:29:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/\"},\"wordCount\":260,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/2111_NAHB.jpg?itok=4uRlf1wa\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bidding-wars-still-burden-unsuccessful-buyers\\\/\",\"name\":\"Bidding Wars Still Burden Unsuccessful Buyers - 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