21 March . 2019
Home Shoppers Believe Now Is the Time to Buy a House
Consumer opinions about homebuying continue improving in Q1 2019, with 65% of respondents in a National Association of Realtor’s survey of households saying they believe now is a good time to buy a home and 37% strongly holding that opinion. The majority of those surveyed cited the nation’s improving economy for their optimism, along with an increased inventory of available homes and stable prices. Mortgage availability and interest rate declines in early 2019 are also favoring would-be homebuyers. In the first 10 weeks of 2019, homebuyer traffic levels in Newland communities are up 7.4% from the same ten weeks in 2018. Improving home shopper traffic sets a solid foundation for the spring selling season after the slowdown noted in many markets in late 2018.
Read more on homebuyer optimism in Builder Magazine’s “More Consumers Say Now Is A Good Time To Buy A Home.”