Spruce Survey Reveals Homebuyers’ Biggest Priorities – NMP Skip to main content

Spruce Survey Reveals Homebuyers’ Biggest Priorities

Associate Editor
Jun 30, 2021

Homebuyers care most about affordability, transparency, and the time it takes to close.

KEY TAKEAWAYS
  • Affordability was ranked the most important aspect in the home buying process by 64% of respondents.
  • Transparency was voted second most important (41%) and closing time as third most important (23%). 
  • Almost a third of respondents (31%) reported increased trust in technology to make major financial transactions.
  • More than 30% of respondents showed an interest in rental properties, with 25% being interested in rent-to-own.

New survey findings by Spruce, an online real estate transaction company, highlight the priorities of American homebuyers. After enduring record closings and heightened competition in 2020 through early 2021, homebuyers care most about affordability, transparency, and the time it takes to close.   

Affordability was ranked the most important aspect in the home buying process by 64% of respondents, with transparency voted second most important (41%) and closing time as third most important (23%). 

Findings also show that respondents trust technology just as much as they did pre-covid (59%). However, almost a third of respondents (31%) reported increased trust in technology to make major financial transactions. 

These implications show the eagerness of American consumers to rely on technology for such advancements. Also, the amount of consumers prioritizing transparency shows the need for more customer-centric changes within the homebuying process.

Additionally, the survey discovered the potential for new forms of investment within the real estate sector. Findings show that nearly half (49%) of respondents have never considered alternate forms of real estate investment, other than traditional house buying. Yet, more than 30% of respondents showed an interest in rental properties, with 25% being interested in rent-to-own.   

CEO and co-founder of Spruce, Patrick Burns, said, “There are many aspects of the real estate and home buying process that need to be improved. But the most fundamental issues — affordability of closing costs, process transparency, and time — are perhaps unsurprisingly the pain points most felt by Americans today, and thus remain our key areas of focus as we continue to build our client-focused offerings.”

Industry advancements brought by Spruce reduce transaction times by up to 25% and save homeowners up to 20% on closing costs. More information on the Spruce Consumer Priority Survey can be found on www.spruce.co.

About the author
Associate Editor
Katie Jensen is a mortgage news reporter at NMP.
Published
Jun 30, 2021
Homebuyer Assistance Programs Reach Record High As Grants Expand

Down Payment Resource identified 2,746 programs nationwide, although only 77% were active and funded at the beginning of July

Jul 27, 2026
Half Of Recent Buyers Say Their Mortgage Is Unsustainable Without A Refi

Truework finds 85% consider refinancing important to their financial health, revealing a highly motivated but financially vulnerable future borrower pool

Jul 27, 2026
Gen Z Drives 19% Of Purchase Inquiries With Just 10% Down

LendingTree data shows millennials dominate mortgage shopping and match baby boomers’ $65,000 median planned down payment

Jul 24, 2026
Equifax Mortgage Revenue Rises 25% Despite Weaker Loan Volume

Credit-score pricing contributed heavily to the increase, while exclusive VantageScore use remained limited

Jul 24, 2026
Mortgage Servicer Satisfaction Rises Despite Borrower Strain

J.D. Power finds better digital service, fee transparency, and issue resolution are strengthening trust while homeowners face mounting financial pressure

Jul 23, 2026
Home Price Growth Accelerates, But Luxury Buyers Skew The Market

Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates

Jul 23, 2026