Psychology of Homebuying: How Emotions Can Alter Life-Changing Decisions | Your Money Briefing | WSJ

On the fifth and final installment of the WSJ’s special series “Under Contract: Your Guide to Home Buying,” financial psychologist Dr. Brad Klontz and real-estate professional Tracy McLaughlin join host J.R. Whalen to discuss how FOMO and other emotional hurdles make it difficult to think rationally when searching for a home.

0:00 Why some people enter the home buying process with the wrong mindset
3:20 Psychology of homebuyers entering the housing market
4:30 How to break free from psychological hurdles
6:25 Mindsets and emotions of the homebuying process
8:24 Biases in the homebuying process
10:16 Lack of clear thinking can lead to missed opportunities
11:22 Where to pause and think during the process

Your Money Briefing
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