The rise of online real estate platforms has led many to indulge in "doomscrolling," a habit of mindlessly browsing property listings on websites like Zillow. According to a 2021 survey, 55% of respondents spend between 1-4 hours daily scrolling through Zillow. The phenomenon is not limited to the United States; a 2023 report states that Zillow counted nearly 10 billion visitors. This behavior can be attributed to the allure of exploring an alternate universe where one can afford their dream home.
However, this habit can also serve as a harsh reminder of the unaffordability of today's housing market. The gap between one's financial reality and their real estate fantasies can be daunting. To bridge this gap, experts suggest focusing on what is within our control:
* Set savings goals
* Build credit score
* Pay down debt
* Research first-time homebuyer programs
Source: https://www.cnet.com/personal-finance/zillow-doomscrolling-why-i-cant-stop-looking-at-homes-i-cant-afford/#ftag=CAD590a51e