Top 6 Home Buyer Concerns

Rising home prices tops the list of home buyer concerns this year, a shift from last year when nearly half of buyers said their chief concern was the limited number of homes for-sale, according to a new survey of more than 3,500 buyers released by Redfin.

The survey identified the following top six home buyer concerns this year:

  1. Affordability: “Prices are rising too high” – 27%
  2. “There’s too much competition from other buyers” – 17%
  3. “There aren’t enough homes to choose from” – 14%
  4. “I need to sell a home first” – 8%
  5. “I might not have enough for a down payment” – 6%
  6. “Mortgage rates will go up before I can buy” – 5%

Source: “Home Prices Weigh Heavily on Buyers as Mortgage-Rate Worry Recedes,” Redfin Research Center (Aug. 19, 2015)