What are Homebuyers worried about? August 24, 2015

Redfin, a national real estate listing and services firm, annually polls homebuyers to find out what their top five concerns are.? This year, the top three are the same as last year. ?Numbers one through three were prices, competition, and inventory. ?However, two areas that were concerns last year have fallen off the list in 2015.? Despite the near-constant warning from mortgage lenders, agents, and media that interest rate hikes are coming soon, the fear of rate increases has fallen off the list of top concerns for buyers.? Additionally, fatigue is no longer a major worry.? Those two have been replaced with anxiety about selling a current home and meeting downpayment requirements.