1 minute readUS home buyers remain worried about the economy. But with average home prices down about 30% nationally from 2006, mortgage rates low and federal tax credits still in play, more than 80% of buyers see this as a good time to purchase, a Century 21 Real Estate poll found. The First-Time Home Buyers and Sellers survey by the Realogy Corp. unit polled consumers who bought or sold their first home within the past year or planned to do so within the next year. “Today’s market presents a generational opportunity for home buyers and current home owners looking to leverage their market position,” Rick Davidson, president and CEO of Parsippany, New Jersey-based Century 21, said in a statement.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio