DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Home Buying Stress is Increasing, New Survey Suggests
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > HomeAdvisor > Home Buying Stress is Increasing, New Survey Suggests
HomeAdvisor

Home Buying Stress is Increasing, New Survey Suggests

3 Min Read
SHARE
Contents
Hot Markets = Home Buying StressHow To Navigate This New Normal
pexels-lukas-590022-1024x678
American’s surveyed say home buying stress is contributing to quicker home purchases.

With the current inventory situation and the number of homes that are flying off the market as fast as Realtors can list them, is it any wonder that buyers are a little frazzled?

Spoiler alert: They really, really are. (Also: Hang in there, guys!)

HomeAdvisor published a survey with some eye-opening stats on the state of American homebuyer mindsets. Among an array of eye-opening insights, more Americans are reporting higher home buying stress, faster transactions, and financial concessions.

Here, we’ll break down the numbers on the new normal of nerve-wracking house hunting.

Hot Markets = Home Buying Stress

We all know the pandemic economy spurred a surge in real estate activity. Until now, we haven’t really reckoned with the results of it all so we can fully grasp the fallout. Thankfully, new data is out to shed some light on what homebuyers have been up against these last couple of years.

Key findings suggest that of those who bought a home during the pandemic economy, 86 percent cite having a stressful experience, and 84 percent say they decided on a home more quickly than they were comfortable with. One of the most surprising findings was that 63 percent said they’d go over budget. Further, one in four buyers would go over budget by $100,000.

Yes, it seems that scarcity, stress, and struggle have colored the American housing market in a rather scary way. Perhaps this year’s expected rise in mortgage rates will cool the market and allow buyers some breathing room before purchasing.

How To Navigate This New Normal

Matt Zajechowski, Director of Media Relations at North Star Inbound, an affiliate of HomeAdvisor has an additional perspective on these numbers.

“I suspect homebuyers will become more patient in regards to both the limited inventory on the market and also the pressure from the sellers,” Zajechowski says.

“Given the low inventory and pressure to make a buying decision quickly,” he adds. “It’s important for prospective homebuyers to understand their deal-breakers before they start shopping for homes.”

Your home purchase is one of the biggest investments you will ever make. In this market, it’s important to keep that in perspective. Even if you find your dream home, you have to ensure it’s a fit financially first and foremost. The last thing you want to do is stress, rush and, in turn, regret your home purchase.

This survey is a great reminder that pressure can play a huge role in your home buying experience and ultimate decision. Therefore, it’s never been more important to pause before your purchase.

Dallas Landmark Commission Votes to Preserve Meadows Building, Delays on Victorian in The Cedars
Affordable Dallas Homes Hit The Market With Open Houses Planned This Weekend
Say What? Zillow Has Champ d’Or “Zestimated” at $512,839
Dallas ISD Hosts “School Shopping” Event at FIG
If Print is Dying, Why Do Realtors Still Waste Money Advertising on a Corpse?
TAGGED:Buying a home in DallasDallas real estate newsFirst Time HomebuyersHomebuying tips
Share This Article
Facebook Email Copy Link Print
Previous Article A California Splurge vs. Steal in The Hills of Ventura
Next Article Let It Go! An Ode to Starting Fresh And Free of Clutter in 2022
Popular News
Increasing stacked coins; piggybank and house model on white reflective desk
Real Estate Investment

Investment Insights: Why Real Estate is a Smart Choice

Lakewood Traditional On Mercedes Estate Block Perfect for Entertaining
Start Spreadin’ the News, For $13M, You Can Have a Sinatra Home Your Way
Rebuild in Casa Linda Brings Modern Touch to a Family Friendly Ranch
Bluffview Soft Contemporary by Phillip-Jennings
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission
  • Real Estate Glossary

Categories

  • Commercial Real Estate
  • Home Inspection
  • East Dallas
  • Monday Morning Millionaire

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?