2020 Homebuyer Preferences [INFOGRAPHIC]

August 7, 2020 By Tami Savage

2020 Homebuyer Preferences. A recent study from HarrisX shows the current health crisis isn't slowing down today's homebuyers. Consumers are still optimistic about buying a home in the current environment. First graph: When asked about buying a home, 55% of consumers are more optimistic today and 33% mentioned no change due to the impact of the coronavirus. The breakdown of the chart shown is 34% much more optimistic, 21% somewhat optimistic, 33% no impact, 10% somewhat less, and 2% much less optimistic. Second graph: 41% of homebuyers are accellerating their purchasing timelines today. 41% are looking to buy sooner, 15% are looking to buy later, and 44% no change. Third graph: 63% of consumers are saving more money, which can be put toward a down payment. 63% saving money, 25% earning same, spending more, and 12% spending less, income dropped. Bottom Line: If your needs have changed recently and you're thinking of making a move, taking advantage of today's low mortgage rates and any savings you may have accrued while sheltering-in-place is an opportunity you won't want to miss. Source: HarrisX & Realtor.com

2020 Homebuyer Preferences [INFOGRAPHIC]

2020 Homebuyer Preferences [INFOGRAPHIC] | MyKCM

Some Highlights

A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.
Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment.
Let’s connect today if your needs have recently changed and you’re ready to make a move this year.

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