The biggest roadblock for U.S. home shoppers is high home prices
According to industry leaders, you are not the only home shopper who is flinching at home prices. Half of the home seekers in the first quarter had been searching for three months or longer.
About half of the people who were looking for a home in the first quarter had been searching for three months or longer without success, according to the National Association of Home Builders.
The No. 1 roadblock was high prices, cited by 46%, followed by not being able to find the right property in the neighborhood of choice, cited by 40%, NAHB said in a report based on a survey of 15,401 people conducted during March.
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