Americans Showing More Desire to Buy
Daily Real Estate News | Tuesday,
April 02, 2013
The
percentage of U.S. residents who say owning a home is an essential part of the
American dream has hit a three-year high, reaching 79 percent, according to the
CNBC-All-America Economic Survey. What’s more, the number of Americans who say
it is better to own than rent grew by four points to 69 percent, according to
the survey.
More
Americans also believe owning a home is a better long-term investment than
stocks.
“The
housing numbers are all heading in the right direction,” reports Diana Olick
for CNBC. “Home prices up, foreclosures down and, perhaps the most important,
consumer confidence in housing is swelling.”
Still,
first-time home buyers will be the “wild card” in the spring-summer home buying
season, says Thomas Popik, research director for Campbell Surveys. “We see
strong first-time homebuyer traffic, but it’s still not clear that the traffic
will translate into increased purchases because first-time home buyers are
dependent on low downpayment financing, such as FHA mortgages.”
Source:
“People Are Becoming More and More
Confident in Housing Market,” CNBC (April 1, 2013)
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