Get News and Updates from the Geo Team

Fear and finance in real estate

Inman news recently published an article titled “Fear and finance in real estate,” which raises the concern of renters/buyers and the fear of becoming potential homeowners. If homes are cheaper than ever (not really true) and we have several market reports by many established economists/researchers/etc., that now is the time to buy, then why aren’t we buying?

Below are a few article snippets on those fears, do you agree?


A study published this week by Yahoo! Real Estate took a deep dive inside the minds of renters and owners to get to the bottom of this puzzling truth. Fifty-nine percent of the renters surveyed said they would prefer to own their homes.

So, what on earth is stopping them? The answers were loud and clear: fear and finance, and in these renters’ minds the twain definitely do meet.”



At least one-quarter of the renters and owners in the market identified one or more of the following as their primary fears about buying a home:

  • worry about mortgage payments rising (25 percent);
  • concern that their credit is not good enough (25 percent); and
  • the fear that property taxes will rise (28 percent).

A full 30 percent of the owners and renters who self-identified as interested in buying a home expressed concerns that they might not be able to scrape up enough cash for a down payment.

And the No. 1 concern was arguably the one that is the most contradicted by the facts of the current market climate: 36 percent of buyers were fearful about the cost of owning a home.”

To read the full article, click here.

Leave a Reply

Your email address will not be published.