Industry News

Survey: Consumers confident home prices will rise

Housing market outlook brighter by mid-2007

Americans remain highly confident about the nation's housing prospects, with more than four out of five homeowners expecting the value of their home to appreciate over the next five years and nearly seven out of 10 calling it their most valuable investment, according to results from a new nationwide survey. "The poll clearly debunks the more sensational media reports speculating on the demise of the housing market," said David Pressly, president of the National Association of Home Builders (NAHB) and a home builder from Statesville, N.C. "It is interesting to note that other polls conducted by major news organizations have come up with similar results, indicating that despite the current housing market downturn Americans resoundingly believe that buying a home is the best investment they can ever make." The survey of 2,000 households, including more than 1,750 registered voters, was conducted by RT Strategies between Oct. 26-29. The polling found that 81 percent of homeowners believe ...