Almost 1 in 5 house hunters are willing to put their physical safety at risk in order to afford a home, in addition to other sacrifices such as quality schools, according to data from Redfin.
Redfin chief economist Daryl Fairweather joins Wealth! to give insight into the report and what it means for the housing market at large.
In terms of why potential homebuyers are willing to make certain sacrifices, Fairweather comments: “I think that comes down to, well, they’re going to get whatever they can afford…It’s been really difficult to break into the housing market because there’s such low inventory. So home buyers overall are just having to figure out what can they get that’s within their budget, given what’s available on the market. ”
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