Would-be Homeowners Dream, Economy Screams, “Not Yet”

villagesoup reports a survey of 3,000 renters and home owners showed 68 percent say it is a good time to buy a home, although the tight credit and uncertain job market continue to dog actual sales. “We thought people would be soured after watching home values fall, but instead we found the typical American still places high value on home ownership,” says Frank Anton, chief executive officer of Hanley Wood, which conducted the survey. Senior fellow Kent Colton, of Harvard University’s Joint Center for Housing Studies, says 33 percent of home owners and 25 percent of renters are living with family and friends. As soon as the job market expands they will be house-hunting. “It means you have up to 2 million people that are part of what can be easily considered a pent-up demand when the time changes,” he told Reuters News.

(image credit: villagesoup)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top