flexiblefullpage - default
Currently Reading

Most Americans Still Say It’s A Good Time To Buy A Home

Advertisement
billboard - default

Most Americans Still Say It’s A Good Time To Buy A Home

House shoppers aren’t turned off by rising home prices and mortgage rates


May 9, 2017

According to the latest National Housing Survey from Fannie Mae, 62 percent of Americans said that April was a good time to purchase a house. The share is up from 60 percent in March and 61 percent last April.

Realtor.com reports that potential buyers are optimistic despite rising home prices and mortgage interest rates. From the survey, 53 percent of respondents said that they believe housing prices will increase within the next year, 62 percent said that mortgage rates will rise over the same time.

Also, 57 percent of respondents said that April was a good time to sell, down from 60 percent in March. A feeling of stability is also common, as 88 percent said that they weren’t worried about losing their jobs. A quarter of respondents said they will make more money than last year.

"People are going to make a long-term financial commitment to purchasing a home because they have the income, they have the job, and they are more confident they are going to be able to keep that job,"  said realtor.com®'s senior economist, Joseph Kirchner. "People's fears and insecurities [that] they got during the recession are waning."

Read more

Advertisement
leaderboard2 - default

Related Stories

Sales

Sales and Texting? Know the Rules

Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices

Affordability

Will NAR's Landmark Commissions Settlement Lower Housing Costs?

The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders

Market Data + Trends

January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market

A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.