By: Sandra Bernardo
If you’re house hunting, it can feel like the market is moving quickly and everyone is buying. An index of homes under contract, known as pending home sales, jumped a higher-than-expected 1.5% in June, according to the National Association of Realtors.
But according to a recent Experian survey, fewer people are planning on buying: 27% of consumers are not planning to purchase a home in the next 5-10 years, an increase of 8% from 2016. The survey findings also show some consumers have frustrations with the home buying process, especially first-time homebuyers and those who don’t have high incomes. Dive into the survey findings here: http://www.experian.com/blogs/ask-experian/heres-why-more-americans-dont-want-to-be-homeowners/