Survey reveals future of housing market in swing states

Survey reveals future of housing market in swing states

Is the future generation of homeowners set up to fail? Ahead of the upcoming U.S. presidential election, a new study of 1,000 adults from the seven swing states found 61 of parents polled are worried about whether their children will be able to buy a home as they get older.br br Over the past five years, 80 of adults in Arizona, Georgia, Michigan, North Carolina, Nevada, Pennsylvania and Wisconsin have seen housing prices increase in their state, averaging a 33 increase. Arizona has seen the steepest housing cost increase at 38, while Wisconsin saw the least (27). br br The research, commissioned by Built, a real estate and construction finance and management platform, and conducted by Talker Research, revealed 58 believe it is harder to find a home today than it was five years ago. It was found to be especially difficult for those polled who are living in Arizona (63) and Nevada (63). br br And many believe it’s been caused by overall inflation (59), rent increases (40), interest rate increases (31), not enough residential housing being available (28), and increased property tax rates (28).


User: SWNS

Views: 2.9K

Uploaded: 2024-10-23

Duration: 00:36