Record Low Say Now Good Time To Buy Home

  • 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.