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View Full Version : Only 21% say it is a good time to buy a house, lowest in Gallup’s trend

Rainger99
05-16-2023, 03:27 PM
A new Gallup poll shows that most Americans do not believe it is a good time to buy a house. It should have some impact on the Villages.

Views of U.S. Housing Market Reach New Depths (https://news.gallup.com/poll/505901/views-housing-market-reach-new-depths.aspx)
Bjeanj
05-16-2023, 06:26 PM
Not surprising, given interest rates. Would think cash buyers would be ok. I wonder how many people get a mortgage?
manaboutown
05-16-2023, 06:47 PM
Many would-be sellers would have to give up their 3% mortgages and borrow at 6% to move so they are remaining where they are
BrianL99
05-16-2023, 07:24 PM
A new Gallup poll shows that most Americans do not believe it is a good time to buy a house. It should have some impact on the Villages.

Views of U.S. Housing Market Reach New Depths (https://news.gallup.com/poll/505901/views-housing-market-reach-new-depths.aspx)

Proof that it's a great time to buy a home.

91% of the home buyers in the USA last year, needed a mortgage to buy.

Which means it's a great time for those have cash or have the foresight to buy low now and re-finance when practical.