https://sputnikglobe.com/20230516/record-low-21-of-americans-say-good-time-to-buy-house---poll-1110400572.html
Record Low 21% of Americans Say Good Time to Buy House - Poll
Record Low 21% of Americans Say Good Time to Buy House - Poll
Sputnik International
According to Gallup poll, the share of US citizens who deem it good time to by house has shrank to 21% - a record lows since 1970-s.
2023-05-16T14:08+0000
2023-05-16T14:08+0000
2023-05-16T14:08+0000
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The results from April’s poll are the worst recorded by Gallup since they began collecting data on people’s perception of the US housing market in 1978, when 53% had answered positively. In addition, those polled are more pessimistic when it comes to the prospect of a price drop in the housing market, with only 19% believing that prices will decrease, whereas 56% say they will increase and 25% think no changes will be observed. The overall pessimism can be attributed to both high acquisition prices, and higher interest rates which combined are making mortgage payment less affordable, the poll showed. Nonetheless, investing in real estate is still viewed by Americans as the best long-term investment, well ahead of stocks, gold, and other commodities, the poll said. The poll was conducted via phone interviews from April 3-25 among random sample of 1,013 US nationals throughout the entire country. The margin of error is +-4%, with 95% confidence level.
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https://sputnikglobe.com/20230504/us-risks-loosing-up-to-8-million-jobs-in-event-of-protracted-default-1110072014.html
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Record Low 21% of Americans Say Good Time to Buy House - Poll
WASHINGTON (Sputnik) – The share of Americans who believe that now is a good time to purchase a house has dropped to 21% in 2023, reaching a new record low, according to a Gallup poll published on Tuesday.
"Twenty-one percent of U.S. adults believe it is a good time to buy a house, down nine percentage points from the prior low recorded last year. The 2022 and 2023 readings are the only times that less than half of Americans have perceived the housing market as being good for buyers in Gallup’s trend since 1978," the poll said.
The results from April’s poll are the worst recorded by Gallup since they began collecting data on people’s perception of the US housing market in 1978, when 53% had answered positively.
In addition, those polled are more pessimistic when it comes to the prospect of a price drop in the housing market, with only 19% believing that prices will decrease, whereas 56% say they will increase and 25% think no changes will be observed.
The overall pessimism can be attributed to both high acquisition prices, and higher interest rates which combined are making mortgage payment less affordable, the poll showed.
Nonetheless, investing in real estate is still viewed by Americans as the best long-term investment, well ahead of stocks, gold, and other commodities, the poll said.
The poll was conducted via phone interviews from April 3-25 among random sample of 1,013 US nationals throughout the entire country. The margin of error is +-4%, with 95% confidence level.
