The Home Affordability Squeeze [infographic]
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(To see this infographic on its original site, click here.)
THE HOME AFFORDABILITY SQUEEZE
Home prices are up, but many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory.
35% of homeowners have considered selling their home in the past year
64% of that share is reluctant to sell because they are finding they can't afford the home they really want
59% of homeowners have not seriously considered selling their home in the past year
60% of those who haven't considered selling say their current home will be their retirement residence (That figure goes up to 70% for those who have been in their home for 15 years)
WHAT THEY'RE LOOKING FOR
56% of homeowners who have considered selling said they desire a larger home
(To see this infographic on its original site, click here.)
THE HOME AFFORDABILITY SQUEEZE
Home prices are up, but many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory.
35% of homeowners have considered selling their home in the past year
64% of that share is reluctant to sell because they are finding they can't afford the home they really want
59% of homeowners have not seriously considered selling their home in the past year
60% of those who haven't considered selling say their current home will be their retirement residence (That figure goes up to 70% for those who have been in their home for 15 years)
WHAT THEY'RE LOOKING FOR
56% of homeowners who have considered selling said they desire a larger home
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