If you are feeling more confident these days about the housing market, you are not alone. Our latest Prudential Real Estate Outlook Survey revealed that a growing number of Americans (72%) are confident that the real estate market and property values will improve within the next two years. Additionally, 96% of surveyed Americans at least “somewhat agreed” that now is a great time to buy a home.
Many Americans have a higher level of confidence in the housing market. Interest rates and home prices are low. Normalcy is returning to the U.S. real estate market and more people are buying homes for traditional reasons – to raise a family, feel secure and build a future. New and prospective homeowners (69%) concur that real estate is also a good investment.
Prudential Georgia Realty President & CEO Dan Forsman agrees: “The American Dream is clearly on the mend. Americans are feeling better about home ownership and the ongoing recovery taking place in residential real estate. Many are increasingly optimistic about their personal circumstances and home affordability is at an all-time high. Consumers see the opportunity and are taking advantage.”
For more information about the survey, please click Prudential 2012 Consumer Attitudes Survey Q2 Findings. Prudential Real Estate performs these surveys every quarter to better understand how consumers are feeling about the real estate market. Stay tuned for additional surveys that will be released later this year!
If you or someone you know is considering their options for real estate, we would be happy to help them make the most informed decision.