NAR: Americans want to buy more homes, but will economic uncertainty prevent them?
National Association of Realtors | September 30, 2019
Although more than half of Americans believe now is a good time to buy a home, many are cautious about entering the market, according to the National Association of Realtors. According to the group’s Q3 HOME survey, 63% of Americans believe now is a good time to buy a home. Of these respondents, 34% say they strongly believe this to be a fact. This reading, although promising, is still a decrease from last year’s percentage. During Q3 of 2018, a whopping 75% of respondents indicated the housing market’s purchasing conditions were favorable, even though mortgage rates then were higher than they are now.