According to a New York analytics service, 81 percent of current homeowners in the U.S. are happy with their homes, and financial instability is the top reason why people aren’t buying homes.
RateWatch, a banking data and analytics service owned by The Street, Inc released data on Thursday showing even the rich are concerned about the market, as 24 percent of people with an annual household income of more than $150,000 are not buying homes because of financial reasons.
The survey reveals that interest rates are the most important factor in selecting a lender, followed by monthly payment amount and term length.
RateWatch found that while men are more likely than women to be aware of refinancing options, they are less likely to take advantage of these options. Women are also more likely to contact a realtor initially.