The results are in and the news is good! The 2013 National Housing Pulse Survey shows that the attitude Americans have about the housing market has significantly changed for the better compared to past years. According to the survey, the majority of Americans care more about homeownership and have fewer concerns about jobs and foreclosures compared to previous years. The better outlook is creating a stronger environment for home sales.
Below are some of the statistics from the survey:
- Eight in ten Americans believe buying a home is a good financial decision, up 8% since 2011.
- 68% of those surveyed said that now is a good time to buy a house.
- Half of renters now say that eventually owning a home is one of their highest personal priorities, up 9 points from 2011, and less people have answered that they prefer to rent.
- Respondents expect to see continued improvement, as 37% expect real estate sales to increase in the year ahead.
- 38% of people say that they can tell real estate sales increased in the last year.
- Concerns about job layoffs and unemployment dropped 13% from 2011.
The telephone survey of 2,000 adults nationwide was conducted for the National Association of Realtors (NAR) by American Strategies and Myers Research & Strategic Services for NAR’s Housing Opportunity Program.
NAR President, Gary Thomas, stated that, “Homeownership matters to Americans, who consistently recognize the many benefits it provides to communities, families and the nation’s economy.”
Even during the worst part of the recession, American’s believed in the benefits of buying a home. At the lowest point in 2011, 61% of American’s still thought purchasing a home was important, and that number continues to rise, currently at 80%. An increased upbeat attitude about our housing market and becoming a homeowner is a great foreshadowing into a brighter economic future.