PANDEMIC HAS MADE AMERICANS MORE EAGER TO BUY

The pandemic isn’t scaring off home buyers.  More than half–or 53% of about 1,000 homebuyers recently surveyed–say they are more likely to buy a home in the next year due to the coronavirus outbreak.  First-time buyers and millennials may be the most eager to buy within the next 12 months, the survey from LendingTree shows.

The top two motivators for buying soon are to take advantage of record low mortgage rates (67%) and being able to save for a larger down payment due to reduced spending (32%).

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