Source: Fortune —
The housing market is so tight right now that one out of four prospective homebuyers is willing to go as much as $100,000 over budget if it means living in their dream home.
That’s according to a new study released this month from the home-improvement firm HomeAdvisor that surveyed 2,000 Americans who recently purchased homes in the current housing market.
Unsurprisingly, price was the most important consideration. But more than 60% of respondents also said that they would be willing to go over budget if it meant they could nail down their ideal home.
Homebuyers always had to juggle different priorities, including location, space, and other features, even before the pandemic, and going over budget to get the perfect home was far from unheard-of. But it appears that more prospective owners are willing to go much further over budget than before.