Survey: California homebuyers compromise on price, neighborhood

By Rose Meily

A recent consumer survey found low housing affordability and the competitive market are forcing homebuyers to make compromises on their home purchases. Buyers are settling on price, size, location and school quality.

The California Association of Realtors 2018 State of the California Consumer Survey found 44 percent of buyers bought a more expensive home than they wanted. Thirty-three percent purchased a smaller home than desired, 36 percent purchased a home farther from school/work than wished, and 30 percent purchased in an area where schools were of lesser quality.

“In a competitive housing market, if you are comfortable with your choice of home [READ MORE HERE]

Source: OC Register

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