Scary Housing Market Drives Homebuyers to Consider Haunted Cohabitation

Scary Housing Market , Drives Homebuyers to Consider , Haunted Cohabitation .

According to an October 24 survey released by Zillow, a majority of potential homebuyers in the United States would consider buying a haunted house in the current market.

According to an October 24 survey released by Zillow, a majority of potential homebuyers in the United States would consider buying a haunted house in the current market.

'Forbes' reports that interest rates for homes, cars and other consumer loans have spiked amid the Federal Reserve's efforts to control inflation.

Last week, average rates for a 30-year mortgage hit a 23-year high of 7.63%.

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Home prices remain about 30% higher than they were at the end of 2019, prior to housing market turmoil caused by the pandemic.

According to the survey, 35% of all respondents said they'd be willing to cohabitate with the paranormal if the house was more affordable.

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An additional 67% of those polled said that they could be persuaded to purchase a house that they knew was haunted.

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The survey polled 901 recent and 993 prospective homebuyers.

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Manny Garcia, a population scientist at Zillow, said that persistently high prices, weak inventory and high interest rates are , "creating a witches’ brew of trouble for would-be homeowners.".

According to mortgage data provider Black Knight, affordability has reached the lowest level since the 1980s when comparing household income to monthly payments.

The rapid increase of borrowing costs are the result of the Fed hiking the federal funds rate, which dictates the interest rate that banks charge each other