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 WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.
