San Diego, CA, February 14, 2019 --(PR.com
)-- Mission Federal Credit Union, San Diego’s largest, locally-based financial institution exclusively serving San Diego County, has conducted a survey to learn about how San Diegans feel about the housing market in San Diego County.
The housing market has been challenging for many San Diegans the past several years, causing Mission Fed to want to learn more about how to help make the buying process easier and more affordable for members of the San Diego community.
Mission Fed surveyed 400 San Diegans between the ages of 25 and 54 about their concerns when it comes to purchasing a home
in San Diego County. The survey asked about purchasing challenges and fears, and what the survey participants were willing to pay for a monthly mortgage payment.
The results are clear. Though nearly 70 percent of those surveyed are currently renting, today’s housing market is intimidating to get into for many San Diegans. Almost 85 percent of survey respondents believe that the cost of a home will continue to rise over the next two years, which would make purchasing a home even more difficult for many people in San Diego County. Predictably, when asked about the greatest challenge in owning a home in the San Diego area, over 60 percent of those surveyed said it was the home price.
While this wasn’t surprising information for Mission Fed, it did confirm that San Diegans need help buying in this market. Mission Fed 1st VP Real Estate Operations & Servicing, Vince Nowicki, said, “Buying a new home is among the most important purchases ever made. We help make the buying process less daunting and more affordable by offering competitive Home Loans.”
Discover the full survey results online
and learn more about Mission Federal Credit Union’s Home Loans at www.MissionFed.com/Home-Loans.
About Mission Federal Credit Union:
Mission Federal Credit Union is a not-for-profit organization providing a wide variety of financial services to meet the needs of its customers. With $3.5 billion in assets, 31 local branches, and more than 240,000 customers, Mission Fed is the largest, locally-based financial institution exclusively serving San Diego County. Mission Fed enhances the lives of its customers through financial education and financial services. In addition, Mission Fed contributes to hundreds of educational and nonprofit organizations. All San Diegans are welcome. Insured by NCUA and Equal Housing Lender. To learn more, visit www.MissionFed.com.