AgentIndustry News

Survey finds fear and interest with foreclosures

Most respondents would consider buying a foreclosed home

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

More than half of U.S. adults would consider purchasing a foreclosed home, though a much larger percentage believe there are negative aspects to such purchases, such as hidden costs, the potential for value declines and other risks, according to a survey released today. About 69 percent of respondents in the poll, produced by Harris Interactive Survey for real estate search and marketing company Trulia, said they feel there are negative aspects to purchasing a foreclosed home, while 54 percent said they are at least somewhat likely to consider purchasing a foreclosure. The online survey was conducted from April 23-25 among 2,033 U.S. adults 18 and up, and the results were weighted as needed for region, age within gender, education level, household income, race and ethnicity, and propensity to be online, Trulia reported. Of those respondents who feel there are negative aspects to buying a foreclosed home, 48 percent cited the potential for hidden costs while 24 percent cited...