We want to tell you about 2 consumer surveys that were published in the DBJ last week. First, eXp Realty surveyed more than 2000 people planning to buy or sell a home in the next year or who have bought a home in the past year. Here is what they found—
· 73% of people believe that owning a home is more important now because of Covid.
· Specifically 80% of Millennials believe that owning a home is more important now due to Covid.
· 87% of respondents said they believed people should be homeowners by age 40.
LendingTree completed a survey of 2,050 consumers revealed these finding—
· 88% of Americans would rather own a home than rent a home.
· 48% of renters said they were worried they’ll never be able to own a home.
· The biggest hurdle for renters to buy a home is the down payment as 54% cited this hurdle.
· 36% said buying a home in their area was too expensive.
· 32% said their credit score made it difficult to get approved for a mortgage. Here are my thoughts—
· The demand to be a homeowner is OFF THE CHARTS, thus home prices will probably continue to soar.
· We, experienced real estate professionals at Dubrova & Associates, LLC do good job of educating our clients that they don’t need 20% down, that there are many programs with low down payment, and down payment assistance loans and grants are available.
If you are planning to buy a home, please contact agents at Dubrova & Associates, LLC for free consultation:
Marina 720-936-0540; Alina 903-520-2682; Angie 720-325-7797; Lori 303-437-4563