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Majority of Americans Hope to Buy a Home Percent Increasing Prices


BASE. According to a new survey of prospective home buyers by News, 83.7% of respondents face significantly higher prices where they expect to buy.


In today's market, homes are scarce and prices continue to rise. More worrying for people, however, is the affordability of homes, not their availability. The survey revealed that 37% of respondents were more concerned about finding a home they could afford, while 26.9% were more concerned about finding a home they liked. A large proportion of respondents (35%) are concerned about both affordability and availability.


To have a chance at a successful property purchase, many buyers are proactive: 51.2% of respondents save to make an extra large down payment, while 39.3% get pre-approved for a mortgage so they can bid quickly. .


Additional survey information:


Almost two-thirds (64.9%) of respondents expect to spend $400,000 or less on their home.

48.2% of respondents still expect to make an offer for a house; 6.7% of respondents received an offer that was rejected in the last month.

The most common reason (31.9%) people want to buy a house is for personal or family reasons.

Comments

  1. Hello everyone,. I am a single dad at the moment with two kids and i was stuck in a financial situation in May 2019 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all lies , all they want is your money and you will not hear from them again they have done it to me twice before I met Mr. Anderson Raymond. I will advise you to contact Mr. Anderson if you are interested in getting a loan and you are sure you can pay them back on time you can contact them No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan.

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    ReplyDelete

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