Realty News

The Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. It covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.

Highlights:

  • In the second quarter of 2016, 74 percent of people believe that now is a good time to buy a home. Forty-two percent believe that strongly, down from 44 percent in Q1 2016.
  • Only 26 percent of people believe that now is not a good time to buy a home.
  • Sixty-one percent of people believe that now is a good time to sell a home, up from 56 percent in Q1 2016. Thirty-two percent believe that strongly, up from 28 percent in Q1 2016.
  • Forty-seven percent of those 34 years or younger have student loan debt.
  • Respondents that rent or live with someone else more often reported that they have student loan debt than those that own their own home.

Q3 Report Release Date - September 14, 2016 
Source: National Association of Realtors
Posted in:Home Ownership and tagged: housing study
Posted by Holly Plante on August 23rd, 2016 6:00 PM

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