Around 46% of potential homebuyers said they would even spend $50,000 over budget if it meant owning a home. SanAntonio SATX SanAntonioTX HousingCrisis housingmarket HousingPrices Texas
Only 20% of respondents said that they would not change their budget even if it meant owning a home.
Despite higher mortgage rates and fears of an impending recession, San Antonio's housing prices still appear to be shooting into the stratosphere., 80% of potential homebuyers in the market say they are willing to pay over budget if it means owning a home. Of that 80%, all said they are willing to go at least over $5,000 over their initial budget if it means outbidding someone else, according to the study by home-buying platform Orchard. Some 46% of potential home buyers said they are even willing to $50,000 over budget.
Only 20% of respondents looking at the SA market said they will stick to their budget, even if it means not landing a home. "This shows that while there is talk of a housing plateau, we still remain in a seller's market," Orchard wrote in the report.
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