Here's a MarketWatch piece on a Gallup survey that says most people still think it's a good time to buy a home. This as Fannie Mae's Home Purchase Sentiment Index hits an all-time high.
Is this a good time to buy a house?
That’s complicated.
Economic conditions like a strong job market say “yes.” Housing market fundamentals like too few homes available for sale say “no.” Personal views about owning versus renting say “maybe.”
In Gallup’s most recent survey, far more Americans said yes than no, although the 65% response rate was down from 67% last year, and down even more from 74% in 2014, when the housing recovery was kicking into high gear.
Gallup first asked the question back in 1978, and the survey firm notes that the percentage of Americans saying it’s a good time to buy has never fallen below 50%.
