Affordability Identified as Top Concern for Potential Homebuyers

Posted by:  Service First
2015-09-11 13:25:26

Are you a prospective homebuyer worried about rising home prices? You’re not alone.

According to a recent survey conducted by the Redfin Research Center, prospective homebuyers identified affordability as their top concern when buying a home.

This result may be driven in part by the fact that home prices increased 5 percent in June from a year ago.

The survey found the top five concerns for homebuyers included:

  1. Affordability, rising prices (27%)
  2. Competition (17%)
  3. Availability (14%)
  4. Need to sell current home (8%)
  5. Down payment (6%)

To view the full survey results, visit the website for Redfin’s Real-time Market Sentiment Survey


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