American consumers view homeownership as a priority and say they are willing to make significant compromises in order to purchase a home, according to a recent national survey conducted by the online brokerage firm Owners.com. Sixty-nine percent of those surveyed are concerned about having enough cash to buy a home. As such, they are willing to forgo other financial goals and investments to be sure they have enough cash available.
Surveyed consumers also say they are willing to compromise on some elements of the home if it means they can move into a home this year. 51 percent said they would consider a fixer-upper and 36 say they would purchase a smaller home than what they desire.
