Buying a home is an expensive decision and one that can be quite stressful, with home prices that seem to have no ceiling and a purchasing process that can confound even the savviest buyer.
Still, 75% of Americans say buying a home is a priority, according to a new NerdWallet survey conducted online by Harris Poll.
For this report, NerdWallet analyzed data from that December 2017 survey of more than 2,000 U.S. adults, as well as the NerdWallet mortgage calculator, the Consumer Financial Protection Bureau and other sources to develop a snapshot of current home buyer sentiments, concerns and outlooks.
The costs of purchasing a home are a top concern for Americans who rent, and most of those who prefer renting cite financial reasons for their decision, according to the survey. Cost concerns are understandable, with the median price of existing single-family homes climbing 5.3% over the past year, according to the National Association of Realtors.
But these financial concerns aren’t…
This article was written by Elizabeth Renter and originally published on www.nerdwallet.com