Now is the time to buy, according to most Americans. In the second Housing Opportunities and Market Experience (HOME) survey conducted by the National Association of Realtors, 75 percent of participants believe now is a good time to invest in a home, with 44 percent stating strong positive beliefs in today’s market. Those renting or cohabitating who are under 34 and living in urban areas with high home appreciation are hesitant, but 66 percent of millennials overall feel it’s a good time to purchase a home. Four in five current homeowners and individuals with incomes of over $50,000 also largely believe now is a good time to buy a home, with a majority of people over 65 and those in the Midwest feeling the same. And the good feelings extend across the buyer's table, too, with...
- Four in five current homeowners and individuals with incomes of over $50,000 largely believe now is a good time to buy a home.
- The large majority -- 80 percent -- of Midwesterners believe now is the time to buy, and 60 percent think now is a good time to sell.
- Renters, particularly in the West, are apprehensive of buying at this time.
- Only 39 percent of people currently living in an urban area would buy homes there.