My Real Estate Blog

The percentage of Americans who think it is a good time to buy a home declined 2 percentage points to 68 percent in the latest survey, while the percentage of Americans who think it is a bad time to buy a home increased 3 percentage points to 29 percent, according to the survey.  Similar to the last survey, an overwhelming majority of Americans (85 percent) believe it is a bad time to sell a home, up 2 percentage points since June.

One-quarter of respondents think that home prices will rise during the next 12 months, 6 percentage points lower than in the second quarter survey, while 22 percent expect home prices to decline, an increase of 4 percentage points. Americans continue to believe that rental prices will rise more than home prices and continue to believe that rental prices will go up rather than go down by a ratio of almost 4 to 1.

Reprinted From C.A.R.