Survey: 58% of Homeowners Feel Stuck Due to High Interest Rates

Sep 12, 2024 · With housing interest rates at their highest in decades, many homebuyers we …

58%
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Survey: 58% Of Homeowners Feel Stuck Due To High Interest Rates

4 weeks from now

Sep 12, 2024 · With housing interest rates at their highest in decades, many homebuyers we …

westshorehome.com

72%
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Housing Gridlock: More Than Half Of Homeowners Who Want To …

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Sep 4, 2024 · Today, 72% of homeowners wish they could move at some point, up from just …

point.com

22%
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22% Of Homeowners Want To Move By The End Of 2023, But Vast …

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Dec 14, 2022 · Only 1 in 10 of homeowners who want to move in 2023 think they will,according …

yahoo.com

82%
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Are You ‘trapped’ In Your Home By Your Low Mortgage Rate? Many ...

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Apr 27, 2023 · The survey shows that 82% of current homeowners who would like to sell feel …

consumeraffairs.com

9%
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Survey: 1 In 3 Homeowners Who Want To Move Say High …

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Aug 1, 2023 · The survey found that while half of homeowners (51.9%) want to move …

point.com

FAQs about Survey: 58% of Homeowners Feel Stuck Due to High Interest Rates Coupon?

Do homeowners want to move?

Homeowners want to move, but high mortgage rates and home prices are making this goal hard to achieve, a recent survey from Point said. Although 51.9% of homeowners said they wanted to move, only 14% thought they could do so in their desired timeframe, according to the survey. ...

Are high mortgage rates causing homeowners to move?

Palo Alto, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) -- High mortgage rates and persistently high home prices have a majority of homeowners who want to move feeling stuck in their current homes, according to the Point Homeowner Sentiment and Moving Survey. Point, the leading home equity investment platform, surveyed 1,066 U.S. homeowners (1). ...

What percentage of homeowners want to move?

Although 51.9% of homeowners said they wanted to move, only 14% thought they could do so in their desired timeframe, according to the survey. Seventeen percent of homeowners said they planned to move because their current home was too expensive or because they wanted to tap their home equity. ...

Are move-up buyers trapped by low mortgage rates?

Approximately 82% of potential move-up buyers said they felt trapped by their current low mortgage rate on their home, a Realtor.com poll of over 1,200 potential sellers in February found. More than half planned to wait until rates fell further before selling, while a quarter planned to sell soon for personal reasons, despite feeling locked in. ...

Should you move out of state to save on housing costs?

Many homeowners obtained mortgages when rates were below 4%, but with current rates hovering above 6%, moving could mean a significant increase in housing costs. The desire to relocate is strong. Over 40% of Americans — and 56% of those in their 30s — say they’d consider moving out of state to save on housing costs. ...

Do you feel trapped in your current home?

According to an Edelman Financial report, half of homeowners under 50 feel trapped in their current homes. Financial constraints are a key factor: 25% say they can’t afford to move, while 21% believe they couldn't afford a new home they'd want to live in. Car insurance premiums in America are through the roof — and only getting worse. ...