It’s not news that the past two years have been tough on homebuyers. But fierce competition, skyrocketing prices and roller-coaster mortgage interest rates have had effects beyond the realm of finance. 

According to the newest LendingTree survey, nearly two-thirds of recent homebuyers who’ve purchased in the past two years say they’ve lost sleep during the home shopping process, and more than 4 in 10 have cited homebuying as a source of family arguments. Here's what we found. 

• 65% of recent homebuyers say they lost sleep during the process, while 42% say house hunting caused arguments in their family. 
• Those who purchased their homes in the past 24 months were almost three times as likely to pay over the asking price than those who bought at least five years ago.
• Recent buyers are more than twice as likely to have submitted multiple offers than those who purchased more than five years ago.
• More than half of buyers in the past two years made an offer without touring the home, a significant difference from the 18% of buyers who did so when they purchased their home more than five years ago.
• 62% of those who purchased in the past two years hope to refinance.

You can check out our full report here: https://www.lendingtree.com/home/mortgage/homebuyer-competition-survey/

LendingTree's Senior Economist, Jacob Channel, had this to say:

"For most people, buying a home isn't easy. It involves putting a lot of time and money on the line, and in today's expensive housing market where rates are high and inventory is limited, the process can make even the most steel-nerved among us lose a bit of sleep. That said, homeownership is often still worth it in the long run, even if the buying process is anything but fun. Ultimately, as long as your finances are in good shape, you're willing to shop around for a mortgage before you buy, and you're ready to exercise patience and flexibility during your house hunt, you can still have a good shot at finding a home that'll fit your needs without totally losing your mind.”