Record Low Say Now Good Time To Buy Home
View Source | May 19, 2023 4:10 pm
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- Only 21 percent of Americans believe now is a good time to buy a home. This marks a significant decline of nine points compared to last year and a staggering 32-point drop from 2021.
- The value of a home carries significant implications for both the housing market and the broader economic landscape. The decline in the number of Americans who perceive it as a favorable time to purchase a house suggests a possible slowdown in the real estate sector, which can impact property values, construction activity, consumer spending, and overall economic growth.
- A recent Gallup poll asked respondents questions concerning the value of their home rising.
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