Posted by: Marvin Remmich | December 18, 2012

Rising Prices Motivate Buyers to Purchase Now

The expectation for prices to continue rising is creating urgency among consumers to buy now,  according to a Redfin survey of 1,084 active homebuyers. The percentage of
homebuyers who believe prices are bound to move higher in the next 12 months
increased to 71 percent in the fourth quarter from 61 percent in third quarter,
according to the survey. While rising prices are causing some buyers to
purchase now, low inventory is prompting others to hold off on their search

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