‘Not all doom and gloom’: How this Florida Gen Z homebuyer bought in an uncertain market
“While many prospective buyers face an uphill battle in today’s housing market, compounded by a challenging economic environment, many of them are getting creative with their home buying strategies to ensure they don’t lose sight of the American dream of homeownership,” says Hinduja.
Nearly 2 in 5 prospective homebuyers (defined as those who plan to buy a home in the next 3 years) would be willing to take on a side hustle to make extra money or limit/stop spending on non-necessities so they will have more to spend on a home (38% each) to buy a home in the current housing market. Roughly 3 in 10 prospective homebuyers say they would be willing to do a mortgage rate buy-down (31%) or lock in a mortgage at a higher interest rate than they would like in hopes they will drop so they can refinance (29%) to buy a home in the current housing market.
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Source: usatoday.com