REALTORMag
Brokers should be happy to know that consumers are optimistic about both the U.S. economy and the real estate market, according to the latest Berkshire Hathaway HomeServices quarterly Homeowner Sentiment Survey. However, the possibility of interest rates rising has many potential home buyers concerned, especially millennials.
According to the survey, 68 percent of prospective homeowners aged 18 to 34 say they are experiencing a sense of urgency to buy a home before mortgage rates rise, and one in five say they have a desire to buy now. However, 55 percent of this group also reported “feeling discouraged” about buying a home due to rates potentially rising.
