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Poll Shows Support To Buy Real Estate

[ 0 ] Aug. 20, 2012 | SBO Editor
An independent survey has found that a large majority of respondents favor buying real estate in the current economy. Some 62% of respondents polled said now is the best time to buy a home or other real estate, despite uncertainty over the U.S. economy.

The online poll was conducted by Housing Predictor, which regularly surveys visitors to its website on real estate related issues. Only 38% said the present economic environment is too risky to make a purchase.

Foreclosures are near all-time levels supplying the U.S. housing market with an over supply of discount priced homes in many regions of the country, driving home sales higher with record low mortgage borrowing rates. The six year slowdown in home sales in many areas of the nation has been transformed with a tighter inventory of homes to choose from, including some of the hardest hit cities.

Home prices have fallen by at least half from their record high levels, driving home buyers back into the market. First time buyers make up nearly a third of all home purchases, with investors making up nearly another third.

Housing Predictor forecasts more than 230 U.S. cities housing markets, provides the best mortgage rates and real estate news online.

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Category: Features