The new Housing Opportunities and Market Experience (HOME) report is a quarterly report to assist the housing industry track consumer confidence and concerns. Consumer are asked a series of questions about the economy, personal finances, reasons for buying or renting and other related topics. Among the questions, consumers are asked if they believe buying a home is a good financial decision, is it part of the American dream, and what is keeping renters from buying a home. Click on the link above to see the results.
While the majority of consumers feel now is a good time to buy a home, the survey shows that 32% of current renters to not feel like it is a good time to purchase. According to the survey results renters and current home owners still overwhelmingly feel that homeownership is part of the American dream.
Whether you are looking to purchase a home or perhaps deciding whether now is a good time to buy, the Elite Team is here to help. Call Eric and Jessica today at 928-714-0001 to set up a time to discuss the Flagstaff Housing Market.