Discover Home Loans’ Vice President and Chief Marketing Officer, Rob Cook, joined Inside South Florida to share how inflation has impacted homebuyers’ willingness to purchase a new property.
“What we're seeing in our survey is about 42% of people that were in the market for a new home are no longer in the market for a new home,” says Cook. “They decided to hold and wait and take a “wait and see” approach, and about 21% are in the market still but are just not as committed as they were before.”
For more information, visit Discover.com/home-loans
This Inside South Florida segment is paid for by Discover Home Loans, an Equal Housing Lender.
