Consumers Believe The Time Is Right To Buy

A housing report from John Burns Real Estate, a California-based consulting firm, shows 88 percent of 10,000 potential homeowners surveyed felt now was a good time to buy a home. Especially among prospective first-time buyers, high affordability factors and low mortgage rates combined with recent improvements to the general economy have boosted consumers’ confidence in the housing market. Still, Burns feels the overall economy is reaching its long-term average outlook, while housing will likely lag the recovery rather than lead it. More here.

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