New Redfin Report Reveals Buyers Are Reconsidering Priorities Amid Affordability Challenges

A new report from Redfin highlights the growing impact of housing affordability on buyer behavior, revealing that nearly 1 in 5 homebuyers would sacrifice personal safety to afford a home.
According to the report, 78% of buyers say safety is non-negotiable, yet 22% admit affordability might take precedence in today’s challenging market. With the median home now requiring an income of $112,000, many families are facing difficult trade-offs in their home search.
Additional findings from the report show that:

• Crime and natural disaster risks rank among the top buyer concerns
• Affordability pressures continue to rise across most U.S. markets
• School ratings are no longer the leading factor for families with children — instead, home size, layout, and space have become higher priorities

“These numbers paint a powerful picture of how affordability is reshaping the housing landscape,” said Laura Meyers, Certified Mortgage Advisor with The Mortgage Firm. “I’m seeing more buyers willing to explore neighborhoods they wouldn’t have considered a year ago, simply to stay within budget.”
As home prices and borrowing costs remain elevated, Meyers encourages both buyers and real estate professionals to stay informed and explore creative financing options.
For a copy of the full Redfin report or to discuss local mortgage trends, contact Laura Meyers at Laura.Meyers@TMF.Mortgage .