The process of buying a home in today’s extremely tight low-inventory housing market is leaving 50 percent of homebuyers “in tears” according to the latest survey by real-estate marketplace company Zillow.
Among the survey respondents, Gen Zers and millennials, many of whom tend to be first-time home buyers, are more likely to “cry at least once” during the purchase process, a June 2 press release from Zillow stated. Over 65 percent of Gen Zers and 61 percent of millennials agreed to this. Roughly 90 percent of recent buyers said that they were stressed out from at least one aspect of the home-buying process.
Among the respondents, 62 percent were stressed out about finding a home within their budget, 61 percent stressed about not having enough homes in the market to choose from, and 58 percent were stressed about securing a home in their preferred neighborhood….