A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Real Estate

Americans say buying a home is most stressful event in modern life

30% reduced to tears while buying first home

It’s no secret that buying a home can be a complicated and even confusing process – and now one survey showed just how stressful Americans say that process is.

As it turns out, many Americans, about 40%, say buying a new home is the most stressful event in modern life, according to a survey of 2,000 Americans by Homes.com. Another 44% said they felt nervous throughout the home-buying process.

In fact, many say that going on a job interview, hosting Thanksgiving dinner and applying for college are all less stressful life events than buying a home.

“First-time homebuyers are often stressed and overwhelmed when making such a large purchase like a home,” said David Hoegerman, Homes.com senior manager of content. “As a result, they are looking for guidance and assistance to help make the process easier and smoother.”

Here are some of the specific problems buying a home causes, according to the survey:

 

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The study also found the average American looked at about six properties before settling on “the one.” But perhaps the stressfulness of the process led them to make quick decisions based on emotions.

That’s because, even after all of this stress, a full 10% of homebuyers said they suffered from buyer’s remorse after purchasing their home.

“At the end of the day, buying a home is often the largest purchase the average American will experience in their lives,” Hoegerman said. “While it can be stressful and overwhelming, there are steps people can take to alleviate the tears and arguments that are bound to arise.”

“By doing research and discussing your desires and needs with your real estate agent, you can find a home that meets your needs while also staying within your budget,” he said.

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