64 percent of those who responded to a Fannie Mae survey think it is a good time to buy a house
In a recent survey conducted by Fannie Mae 64% of those who responded believe now is a good time to buy a house. Viewing housing as a safe investment the majority of those who responded would rather own than rent.
This may be good news for the housing industry across the country. With the home buying tax credit scheduled to end at the end of this month, many are concerned that home sales will slow down. I believe those buyers that bought a home during the tax credit program probably did so because of a number of reasons. The stability of owning a home and the personal desire to own versus renting are two reasons. In my area of Central Florida, the increase of home sales may be the result of the number of reasonably priced bank owned property being listed and less to do with the tax credit.
Taking into consideration the Fannie Mae survey Americans believe now is a good time to buy a home. Low prices and low mortgage rates should strengthen this belief.