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Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First Time More Than 50% of People Feel That Way

Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First Time More Than 50% of People Feel That Way

Americans still view real estate as an attractive investment, but rising prices are creating major barriers.

The post Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First Time More Than 50% of People Feel That Way appeared first on Real Estate News & Insights | realtor.com®.

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Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First...
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www.realtor.com www.realtor.com | 1 year ago
Americans still view real estate as an attractive investment, but rising prices are creating major barriers. The post Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First Time More Than 50% of People Feel That Way appeared first on Real Estate News & Insights | realtor.com®.
Americans still view real estate as an attractive investment, but rising prices are creating major barriers. The post Is Now a Good Time To Buy a Home? Most Americans Don’t Think So—and Gallup Says It’s the First Time More Than 50% of People Feel That Way appeared first on Real Estate News & Insights | realtor.com®.
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cmgfi cmgfi | 1 year ago
Nearly 75% of consumers told Fannie Mae that they think it's a bad time to buy a home. Historically low housing inventory, record high home prices, and sharply rising mortgage rates are the main headlines driving the sentiment. But the current headlines don’t always paint the full picture. Here’s why you should consider buying now vs. later.
Nearly 75% of consumers told Fannie Mae that they think it's a bad time to buy a home. Historically low housing inventory, record high home prices, and sharply rising mortgage rates are the main headlines driving the sentiment. But the current headlines don’t always paint the full picture. Here’s why you should consider buying now vs. later.
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Most Americans do not think it’s a good time to buy a home. Record-high home prices, a dire shortage of homes for sale, and now rising mortgage interest rates have made it seem nearly impossible for many buyers to find, then afford—let alone win a bidding war on—the homes of their dreams. That’s why about 79% of renters and homeowners in May believed it was a bad time to purchase a home, according to a recent Fannie Mae report. (The survey was based on a monthly poll of about 1,000 respo...
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Just 30% of adults surveyed by Gallup said now is a good time to buy. It's the first time the share fell below 50% since the question was first asked in 1978.
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It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory, and skyrocketing housing prices is fueling consumer pessimism. The post Now is basically the worst time ever to buy a home appeared first on HousingWire.
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