Is it a good time to buy or sell a home? The National Association of Realtors (NAR) asked that question to consumers in the Housing Opportunities and Market Experience (HOME) report. This report monitors consumer sentiment about the housing market, and covers topics such as views on housing as a good financial investment, if now is a good time to buy or sell a home, and perception of home price changes.
Highlights:
- In the first quarter of 2017, 72 percent of people believe that now is a good time to buy a home. Forty-seven percent believe that strongly, up from 45 percent in Q4 2016 and 44 percent one year ago in Q1 2016.
- Sixty-nine percent of people believe that now is a good time to sell a home, up from 62 percent in Q4 2016 and 56 percent from one year ago in Q1 2016.
- Sixty percent of people believe that within their communities prices have gone up in the last 12 months, which increased from 55 percent in Q4 2016 and 50 percent one year ago in Q1 2016.
This HOME survey is released on a quarterly basis.
CLICK HERE to Take a look at this survey from the National Association of Realtors (NAR)
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