Poll: Buyers weigh in
What stops potential homebuyers from buying? High home prices, according to a Harris Interactive poll. That was the barrier that ranked highest in the survey of 2,462 adults, conducted for Move Inc. Thirty-one percent of those polled gave that answer.
In second place was lack of money for a down payment, with 28 percent of responses. Lack of confidence in the economy was third, with 26 percent.
High home prices are a particular barrier in the West, according to the poll, with 39 percent saying that was their biggest concern. It was 34 percent in the Northeast, which includes Maryland; 27 percent in the South, and 26 percent in the Midwest.
Other topics in the poll include whether buyers think the housing market will improve with the change in presidents in January (44 percent say yes) and whether they're nervous about the state of the housing market now (81 percent say yes).
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