A survey of 1,500 Americans found that only 18% \u201cdon\u2019t have any housing worries.\u201d 1 in 3 worry about major unexpected repairs; 17% fear home prices will go down.<\/div>\n

NEW YORK \u2013 Homeowners are sitting on a record amount of equity, so what has them so worried about housing? A new study by LendingTree<\/a> surveyed more than 1,500 Americans to gauge their expectations of homeownership.<\/p>\n

Their No. 1 worry? Upcoming repairs needed on their home. Nearly one-third of respondents (32%) cited major home repairs as their top housing-related worry.<\/p>\n

More than half of respondents surveyed say that homes are becoming less affordable in their neighborhoods. As a result of those higher prices, they plan to stay put longer. And as a result of staying longer, nearly three out of four respondents are considering renovations.<\/p>\n

Of those considering renovations this year, 53% said they were motivated by a desire to increase their home\u2019s value. Other reasons were to give the home an updated look (24%), make the home easier to sell (22%) and add more space (9%).<\/p>\n

While rising home prices have some homeowners concerned, they\u2019re still upbeat about the housing market overall \u2013 and they\u2019re upbeat about their equity: 55% of respondents said they believe their home\u2019s value will improve this year; and 68% said they believe homeownership is a good investment.<\/p>\n

But rising home prices do spur concerns for them about affordability: 53% predict housing will be less affordable over the next decade. Gen Xers and baby boomers \u2013 at 53% and 57%, respectively \u2013 are the most pessimistic about housing affordability.<\/p>\n

Overall, about 1 in 5 homeowners (18%) have no housing worries. Of those who do, the following tops their list:<\/p>\n

Will have to make major repairs: 32%<\/li>\n

Home value will go down: 17%<\/li>\n

Mortgage payment will increase: 13%<\/li>\n

It will be hard to find a new house: 8%<\/li>\n

Won\u2019t be able to sell the house: 6%<\/li>\n

Will become underwater on their mortgage: 4%<\/li>\n

Other: 2%<\/li>\n<\/ol>\n
Source: \u201cLendingTree Survey: More Than Half of Homeowners Expect Home Values to Rise in 2020,\u201d LendingTree (Feb. 24, 2020)<\/p>\n
\u00a9 Copyright 2020 INFORMATION INC., Bethesda, MD (301) 215-4688<\/p>\n<\/div>\n<\/div>\n
Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
A survey of 1,500 Americans found that only 18% \u201cdon\u2019t have any housing worries.\u201d 1 in 3 worry about major unexpected repairs; 17% fear home prices will go down. NEW YORK \u2013 Homeowners are sitting on a record amount of equity, so what has them so worried about housing? A new study by LendingTree surveyed more than 1,500 Americans to gauge their expectations of homeownership. Their No. 1 worry? Upcoming repairs needed on their home. Nearly one-third of respondents (32%) cited major home repairs as their top housing-related worry. More than half of respondents surveyed say that homes are becoming less affordable in their neighborhoods. As a result of those higher prices, they plan to stay put longer. And as a result of staying longer, nearly three out of four respondents are considering renovations. Of those considering renovations this year, 53% said they were motivated by a desire to increase their home\u2019s value. Other reasons were to give the home an updated look (24%), make the home easier to sell (22%) and add more space (9%). While rising home prices have some homeowners concerned, they\u2019re still upbeat about the housing market overall \u2013 and they\u2019re upbeat about their equity: 55% of respondents said they believe their home\u2019s value will improve this year; and 68% said they believe homeownership is a good investment. But rising home prices do spur concerns for them about affordability: 53% predict housing will be less affordable over the next decade. Gen Xers and baby boomers \u2013 at 53% and 57%, respectively \u2013 are the most pessimistic about housing affordability. Overall, about 1 in 5 homeowners (18%) have no housing worries. Of those who do, the following tops their list: Will have to make major repairs: 32% Home value will go down: 17% Mortgage payment will increase: 13% It will be hard to find a new house: 8% Won\u2019t be able to sell the house: 6% Will become underwater on their mortgage: 4% Other: 2% Source: \u201cLendingTree Survey: More Than Half of Homeowners Expect Home Values to Rise in 2020,\u201d LendingTree (Feb. 24, 2020) \u00a9 Copyright 2020 INFORMATION INC., Bethesda, MD (301) 215-4688 Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":4473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/4472"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=4472"}],"version-history":[{"count":2,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/4472\/revisions"}],"predecessor-version":[{"id":4500,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/4472\/revisions\/4500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/4473"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=4472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=4472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=4472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}