Despite the low inventory and high prices, Americans still have lingering concerns from the housing crisis of 2008, according to a ValueInsured Modern Homebuyer Survey. When it comes to buying their first home or upgrading, 63 percent of Americans and 72 percent of millennials say that the 2008 crisis has worried them and impacted their decision. This is the “new normal” of apprehension in home buying.
The top concerns Americans’ expressed in the survey are:
- Global economy: 59% of Americans and 68% of millennials say that the global economic climate has them worried.
- American economy: 63% of Americans and 70% of millennials say that the current U.S. economy has them concerned about the risks of buying a home.
- National security: 48% of Americans and 61% of millennials say that national security is taking a toll on their home-buying decisions.
- Job security/mobility: 55% of Americans and 71% of millennials say that the possibility of a job change or loss has them concerned.
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