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A House (Market) Divided May Not Be As Divided as You Think

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Despite a challenging market, most home buyers report feeling positive about their dreams of becoming homeowners.

As the presidential election approaches, voices aimed at spreading division seem to be ever-present. Not far below the surface, however, is the clear hope for change. It's palpable everywhere from the debate stage to the family dinner table.On an individual scale, the vast majority of Americans face the same issues, regardless of party affiliation. One such uniting issue is the housing market and how buyers are feeling about it—although it may not be the sentiment you imagine.

Due to low housing affordability and availability for renters and buyers, many Americans are seeking this community beyond major metropolises like New York or Los Angeles, sacrificing the convenience and bustle of the city for a more affordable lifestyle and tight-knit community.Optimism about finding community in the suburbs is understandable. Densely populated cities were ranked among the worst cities for first-time home buyers, with smaller cities and suburbs among the best.

 

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