SEATTLE-A recent report from locally based Redfin says thathomebuyer demand took a sharper-than-expected drop in December. While some decline is normal during the holiday season, Redfin reports that the worsening shortage of homes contributed to steep drops in home tour requests and signed offers made by Redfin customers.
“Homebuyer anxiety is starting to rise,” explains Redfin agent Wayne Olson in Oregon. “My clients who were determined to find a home before year-end instead found few homes worth touring in December.”
According to Olson, “with mortgage rates rising, they are increasingly concerned about their budget. They're also worried about facing stiff competition in the coming months as more buyers enter the market.”
The report, which covers 22 top US real estate markets, showed:
*Redfin customers scheduling home tours fell 14.8% month over month in December 2013, compared to a drop of 7.1% during the same period in 2012.
*Offers signed by Redfin customers dropped 20.2% between November and December 2013, compared to a 16.7% drop during the same period last year.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
