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What Will Homebuyers Do in 2013?

by Reno Manuele

The combination of low housing inventory and rising home prices is creating a big boost in activity among 2013’s potential homebuyers, Redfin finds.

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The current housing market is certainly an interesting one. Though numerous sectors of the housing market – from home sales, to new construction, to home prices – are all putting up their best numbers in years, consumers have not necessarily responded as many real estate agents would have hoped, as housing inventory numbers continue to fall.

However, according to the latest Real-Time Demand Pulse from Redfin, prospective homebuyers seem to be inspired by the low level of housing inventory, with both requested tours and offers increasing in February. For a fuller look at some of today’s consumer’s main attitudes regarding the housing market – and the effect those attitudes are having on their home shopping – see our infographic below, which collects some of Redfin’s latest stats.

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