{"id":13934,"date":"2019-10-18T11:11:13","date_gmt":"2019-10-18T18:11:13","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13934"},"modified":"2019-10-16T10:43:09","modified_gmt":"2019-10-16T17:43:09","slug":"consumer-housing-trend-report-survey","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/consumer-housing-trend-report-survey\/","title":{"rendered":"Consumer Housing Trend Report &#038; Survey"},"content":{"rendered":"<p style=\"text-align: justify;\">When it comes to selling a home, factors that traditionally have been harder for sellers to control \u2014 like uncertainty about timing and price \u2014 cause the most stress. That\u2019s according to the 2019 Zillow Group Consumer Housing Trend Report, the largest-ever survey of US home buyers, sellers, owners and renters.<\/p>\n<p style=\"text-align: justify;\">The process of selling a home can be difficult \u2014 95% of home sellers said they consider some aspect of selling a home stressful. You might think that most of that stress of selling revolves around juggling family and life while keeping the house ready for last-minute showings, but sellers said the two biggest causes of stress revolve around time and money \u2014 things they can\u2019t control.<\/p>\n<p style=\"text-align: justify;\">Not knowing if a home will sell within the desired time frame is the largest source of stress for sellers, with 56% of them calling it a stressful experience. Meanwhile, 53% of sellers worry about not being able to sell their home for the price they want, and 52% were stressed about an offer falling through.<\/p>\n<p style=\"text-align: justify;\">One reason timing and financing a home sale can be stressful is that many home sellers (64%) are buying another home at the same time. In fact, 51% of home sellers specifically found it stressful to time the sale of their current home with the purchase of a new one.<\/p>\n<p style=\"text-align: justify;\">That\u2019s not to say that preparing and waiting for a home to sell aren\u2019t still worrisome. More than half (52%) of home sellers worry about making improvements to get a home ready to sell. Maintaining a market-ready home is stressful for 43% of sellers, and 39% stress about leaving the home for tours and open houses.<\/p>\n<p style=\"text-align: justify;\">For younger or less experienced home sellers, the potential stresses of putting a home on the market are magnified. Younger sellers are more likely to worry about leaving the house during tours and open houses than older sellers, and Generation Z or millennial home sellers are more likely to feel stressed due to a lack of control over the selling process than sellers in older generations.<\/p>\n<p style=\"text-align: justify;\">\u201cThe two most stressful questions when selling a home \u2013 what price it will sell for, and how long it will take \u2013 are top of mind from the very beginning of the home selling process and can have a big financial impact,\u201d said Skylar Olson, director of economic research at Zillow. \u201cThose outcomes could ultimately be the difference between retiring now or six months later or having to pay a new mortgage and rent in a temporary home. In the traditional market, all sorts of decisions that influence the final sale price and closing date are in your control \u2013 like whether or not to repaint the well-worn kitchen or spruce up the landscaping. But because there are so many decisions to make, those two most important of outcomes remain largely uncertain until the curtain closes.\u201d<\/p>\n<p style=\"text-align: justify;\">The uncertainty and unpredictability of the traditional home selling process causes many home sellers to hit a breaking point \u2013previous Zillow research found that more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/survey-highlights-home-sellers-biggest-concerns\/98756117\/\" target=\"_blank\" rel=\"noopener noreferrer\">Survey Highlights Home Seller&#8217;s Biggest Concerns<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to selling a home, factors that traditionally have been harder for sellers to control \u2014 like uncertainty about timing and price \u2014 cause the most stress. That\u2019s &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/consumer-housing-trend-report-survey\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13934","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consumer Housing Trend Report &amp; Survey &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/consumer-housing-trend-report-survey\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Consumer Housing Trend Report &amp; Survey &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"When it comes to selling a home, factors that traditionally have been harder for sellers to control \u2014 like uncertainty about timing and price \u2014 cause the most stress. 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