Homebuying Attitudes at Odds With Economic Outlook; Homeownership’s Effect on Wealth
Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market Experience (HOME) survey, but they are softening . "Yes" responses to the question of whether it is currently a good time to buy dropped from 72 percent in the fourth quarter of 2017 to 68 percent in the first quarter of this year, with 5 percentage points of the decline coming from those who "strongly" felt it was a good time. Those who were moderate in their responses rose 1 point. NAR said the survey's findings " surprisingly show that while a growing share of households in the first three months of the year feel more confident about the economy and their financial situation, those positive feelings are not translating to positive views
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