2 Thirds Of Americans Say Now Is The Time To Buy

Now Is The TimeThough the housing market’s momentum slowed over the winter, Americans’ attitudes about buying and selling homes continues to move in a positive direction. In fact, according to Fannie Mae’s March 2014 National Housing Survey, 69 percent of Americans say now is a good time to buy a house and the number who say it’s a good time to sell increased 4 percent from the month before. Doug Duncan, senior vice president and chief economist at Fannie Mae, said there are several positive signs going into this year’s spring home buying season. Compared to last year, consumers are less pessimistic about their personal finances and more optimistic about the current selling environment and their ability to get a mortgage, Duncan said. For example, in the most recent survey, 52 percent of respondents said they thought it would be easy for them to get a home mortgage, which is an all-time survey high. The share of participants who said they’d prefer to buy rather than rent was also up, reaching 68 percent. Still, there is lingering uncertainty about economic conditions and many Americans continue to believe the economy is on the wrong track. Fannie Mae, however, expects a pickup in economic growth this year, which may boost the confidence of those still pessimistic about economic conditions and the housing market. More here.

Michael Rosenbaum

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