Americans more optimistic about buying and owning a home

Consumers are feeling better about the strengthening housing market as their concerns about unemployment and foreclosures are declining while confidence in the benefits of home ownership is rising, according to the latest Housing Pulse Survey from the National Association of REALTORS® (NAR).

The NAR survey, conducted by American Strategies and Myers Research | Strategic Services, polled 2,000 people earlier this spring. Read more from NAR, but here are some of the highlights:

  • Nearly four-in-ten Americans feel that activity in their local market has improved in the past year.
  • Eight-in-ten believe buying a home is a good financial decision, up 8 points since 2011.
  • Half of renters now say that eventually owning a home is one of their highest personal priorities, up 9 points from 2011.
  • Respondents expect to see continued improvement, as 37 percent expect real estate sales to increase in the year ahead.

 

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.