Zillow: Buyers spend more time shopping for a car than their home loan

car shoppingBy Marian McPherson | Inman

Zillow has released a small study on the habits of homebuyers. The results showed that the average American spends more time researching car purchases than home loans.

Survey participants on average reported spending eight hours — obtaining just four quotes from lenders — weighing home loan options, the same amount of time they would spend researching a vacation.

In comparison, respondents spent 11 hours shopping for a car.

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May 2016
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