Talk of The Villages Florida

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-   -   Only 21% say it is a good time to buy a house, lowest in Gallup’s trend (https://www.talkofthevillages.com/forums/current-events-news-541/only-21-say-good-time-buy-house-lowest-gallups-trend-341358/)

Rainger99 05-16-2023 03:27 PM

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

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

Quote:

Originally Posted by Rainger99 (Post 2218260)
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

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.


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