Mortgage Consumers and Housing Affordability
Housing affordability is a top concern for home buyers, as shown in this year’s Mortgage Consumer Survey results. Here are the key facts you need to know.
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Download the Mortgage Consumers and Housing Affordability infographic.
Price/affordability was the #1 factor considered when buying a home.
23% of respondents were renting because they could not afford to purchase a home.
58% of first-time buyers with concerns or uncertainty about buying a home were concerned about unforeseen costs.
About 1/5 of home buyers paid more than they had planned.