Approximately 32 percent of local distressed property buyers expect a 2023 home price decline, nearly double last year’s percentage, according to Auction.com’s 2023 Buyer Insights Report. The report also revealed that about 92% of survey takers identify as local community developers or owner-occupants, with the owner occupant portion (15%) nearly doubling over the last year.
The 2023 Buyer Report also shows how many Auction.com buyers:
- Plan aggressive property acquisitions in 2023
- Use a renovate and resell to owner-occupants strategy
- Plan to increase or keep the same number of property acquisitions they had last year
- Rank improving neighborhoods as a top-three motivation for real estate investing
Download the comprehensive report to learn more about Auction.com buyers, including strategy, outlook, and buying habits or download the full pdf report below.
