Survey: Most Americans Are Unwilling Or Uncertain About Moving
WRE News July 3, 2024
Buyer
WRE News July 3, 2024
Buyer
The majority of Americans are either unwilling or uncertain about moving out of their homes, according to new data published by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB).
The data, which was collected through the National Survey of Mortgage Originations, found 50% of respondents said they were unwilling to move, while 20% were unsure about moving. On the flip side, 25% of survey respondents said they were willing and able to move and 5% were willing but unable to move.
As for the survey respondents who were looking for new residences, 70% said they were very satisfied with their property appraisal and 23% reported being somewhat satisfied. Only 6% said they were not at all satisfied with their appraisals.
“This year’s survey provides new insights into appraisal satisfaction and willingness to move for borrowers with new mortgages,” said Jason Brown, CFPB assistant director for research. “With the release of the public use file, we invite researchers to help us understand the challenges facing consumers and help us to find ways to improve the market for consumers.”
Stay up to date on the latest real estate trends.
Buyer
December 27, 2024
Lifestyle
December 26, 2024
If someone asked you which option would make for the most pleasant train ride possible which would you choose—spending your commute keeping to yourself or striking up … Read more
Buyer
December 26, 2024
The total share of mortgages in forbearance increased to 0.50% in November, up from 0.47% in October.
Buyer
December 26, 2024
There’s no doubt that owning a home comes with significant financial benefits.
Buyer
December 25, 2024
Have you ever thought about packing up and moving to be closer to the people who mean the most to you?
Buyer
December 25, 2024
Building equity in your house is one of the biggest financial advantages of homeownership.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today