What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
The Homebuying Process is Bringing Americans to Tears
✉️ Want to forward this article? Click here.
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 below
loading...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
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro