Thursday, May 14, 2009

Real Estate Round-Up

Gallup Poll says Americans See Best Home Buyers' Market in Years.

A recently released Gallup Poll says 71% of Americans think now is a good time to buy a home. This is the highest percentage since 2005. Most Americans also think that home prices will not go up over the next year.

Twenty-two percent of Americans think house prices will go up over the next year. But their strong belief that now is a good time to buy indicates that, over the longer term, they believe prices will rise.

Extremely low long term interest rates for mortgages could also be influencing their opinions.

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