Consumers who pay rent, or live with someone else would like to own their own home but there are challenges…
- Half of non-owners believe they can’t afford to buy a home and this is the number one obstacle..coupled with a lack of entry level inventory and price appreciation also play a role.
- For some student debt is forcing buyers to delay ownership. Of the 39 percent of surveyed non-owners who have student debt 59% are not comfortable taking on a mortgage.
- This survey also revealed misunderstandings about minimum down payments with a whopping 87 percent believing that a down payment of 10 percent or more was required. Studies show that the median down payment for the past three years has been 6 percent.
You may be able to buy, maybe you need more information? How about calling me and let’s find out!
Above is from the National Association of Realtors – Survey on Aspiring Home Buyers Profile..and published in the Accredited Buyers Representative (ABR) Newsletter.