Source: World Property Journal —
According to a new Zillow survey, over 50% of U.S. home buyers say the process left them in tears, with Gen Zers and millennials — many of whom are first-time home buyers – far more likely to cry at least once during their home-buying journey. More than 65% of Gen Z buyers and 61% of millennial buyers cried at least once when going through the process of purchasing their home.
It’s no wonder. In today’s low-inventory market, homes are receiving multiple offers and oftentimes selling for over list price; 60% of sellers report getting at least two offers on their home, and nearly half of all homes sold in the U.S. in April 2022 went for over the asking price, up from 37% a year ago.
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