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Realtor.com Site Visitor Survey Results: Homebuyers Respond to Challenges from the Market and the Economy at Large
Highlights High listing prices and high mortgage rates lead 34.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of buyers to report budget challenges in their homebuying experience. The share of buyers who report being overbid on a home has decreased as the market has begun to correct itself. Buyers are increasingly targeting homes in other states and smaller towns in a search for affordability. 40.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of all buyers and 45.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of first-time buyers believe the US is currently in a recession, and recession perception is increasingly affecting when buyers are looking to make a purchase. Background and Context In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market…
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Some consumers to spend more post-pandemic, including on home improvements, survey finds
Extra than a quarter of People who system to improve their article-pandemic shelling out want to acquire on a house enhancement venture, according to a new study. Right here are some strategies to fork out for renovations. (iStock) The coronavirus pandemic has impacted how quite a few Americans invest and spend their income, according to a study of much more than 2,000 individuals by Goldman Sachs. Whilst the greater part of respondents reported they’re going to continue to shell out the similar, about 1 in 5 stated they are going to expend much more put up-pandemic. Of them, more than a quarter (27{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}) stated they program to commit a lot…
