Skip to main content

Survey: Nearly Two-Thirds Believe Time is Right for Homebuying

Phil Hall
Jan 09, 2020
Photo credit: Getty Images/michaeljung

A new survey conducted during the fourth quarter of 2019 by the National Association of Realtors (NAR) found 63 percent of respondents believing now is a good time to buy a home, unchanged from the level in a similar survey held one year ago. Thirty-three percent of respondents said they “Strongly Believe” now is a good time to buy, while 74 percent stated it is a good time to sell a home, identical to the percentage in last year’s third quarter.
 
Furthermore, 41 percent of respondents predicted that prices will remain the same in their communities during that period, while 48 percent said they believe prices will rise and 11 percent said they expect prices to fall in the next six months. As for the potential of a recession, 52 percent of those polled believe the U.S. economy is improving.
 
Lawrence Yun, NAR’s chief economist, observed, “With mortgage rates low, the timing is indeed ideal for those who want to enter into homeownership and for those looking to move on to their next home.”

 
 
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021