IN THE BUYING MOOD?

According to a recent Gallup poll, more than half of Americans still
believe it is a good time to purchase a home, but the percentage fell
to 52 percent in April from 71 percent in April 2005 and 81 percent
in 2003. Coastal residents are less optimistic about the housing
market than others, with only 44 percent of East Coast residents and
49 percent of West Coast denizens believing that now is a ripe time
to be a homebuyer. Given that respondents feel similarly about the
national economy, local business conditions, personal finances and
the job market as they did last April, researchers attribute the decline
in optimism to a slowdown in home-price appreciation and other
market trends. However, it is unclear whether or not these trends
will prompt buyers to hesitate and take a wait-and-see approach to
the market.

Source: Gallup Poll (05/01/06) Saad, Lydia
© Copyright 2006 INFORMATION, INC. Bethesda, MD
(301) 215-4688

Sphere: Related Content