By Sandra Bernardo | Experian
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. We dive into the survey findings here:
