What's Hot: Friendship Heights Food Hall Could Open This Month | Summer Ready With Quick Move-In Homes at Brookland Grove
The Homebuying Process is Bringing Americans to Tears
The stress of buying a home is getting Americans very emotional, according to a new survey.
The survey, released today by Zillow, finds that 50% of homebuyers cried during the process of buying a home.
"Gen Zers and millennials — many of whom are first-time home buyers – [are] far more likely to cry at least once during their home-buying journey," Zillow stated in a press release. "More than 65% of Gen Z buyers and 61% of millennial buyers cried at least once when going through the process of purchasing their home."
story continues belowloading...
story continues above
The emotional toll of the buying process is being attributed to the competition that has been present in the market for years and the very low inventory of homes on the market.
"Some buyers planning to finance their purchase with a home loan are losing out to others who are able to pay entirely in cash, which is seen as a more attractive offer to a seller, since they don’t need to worry about the sale falling through in the financing stage. According to Zillow’s survey, nearly 30% of recent buyers said they lost to an all-cash buyer at least once."
See other articles related to: homebuyers, zillow
This article originally published at https://dc.urbanturf.com/articles/blog/the-homebuying-process-is-bringing-americans-to-tears/19715.
Most Popular... This Week • Last 30 Days • Ever
If a neighborhood is filled largely with single-family homes, chances are the market ... read »
A look at the larger residential developments in the works from Cardozo to Mount Vern... read »
The Heights, a ten-stall food hall that is taking over the spaces formerly occupied b... read »
A piece of legislation quietly introduced in the House of Representatives earlier thi... read »
The backlash over backyard pool rentals; the "housing matchmaker"; and the townhouse ... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
With a groundbreaking ceremony on Wednesday, the redevelopment of the Georgetown Wes... read »
The 23,600 square-foot mansion just hit the market, and would set a record if it fetc... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- The Four Seasons Private Residences in Georgetown Break Ground
- DC's Blaine Mansion Lists For $30 Million, A Potentially Record-Setting Price in the City
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro