Every quarter the real estate firm Redfin surveys buyers that are actively working with their agents to get a sense of the buyer mood and the latest report has a few slivers of good news for sellers. Namely, that buyers realize they're going to have to pay more in this 'sellers' market. The survey pulls from twenty-two major cities where Redfin operates and polls approximately 1,300 people who have toured homes with Redfin in the past three months. Besides the fact that more buyers realize they're going to have to pay more, other trends that percolated up from the data include the attraction of low interest rates and the belief that prices are only going to rise so it is better to buy now than to wait. Go here for the full synopsis with a few charts that explain it all.
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