Buyers GIVE UP As Homeownership Costs Rising EXPONENTIALLY

Nearly two-thirds of Americans planning to buy a home have decided to postpone their search until mortgage rates come down from their current elevated levels, according to the most recent BMO Real Financial Progress Index (a forward-looking indicator of consumer sentiment regarding personal finance).

While potential homebuyers in today’s market are very rate-sensitive regarding a home purchase, they’re also considering other factors. The survey shows that 65% of respondents are delaying their homebuying plans because of overall economic uncertainty.

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Articles Mentioned in the Video

https://apple.news/A0IRpM_B2QZCKhQIV0Fjhjw
https://apple.news/AxiPeg69nRZqA85XuvSnPJA
https://abc7news.com/farmers-insurance-state-farm-allstate-home-wildfire/13335307/
https://apple.news/AcmNUxbb9Q0qS1j-4YnQoSQ
https://www.floridarealtors.org/news-media/news-articles/2023/06/citizens-ins-moving-out-26k-policies
https://apple.news/AVQaDnRiJRweHzvsk_TO3SQ

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