New Prudential Real Estate Poll: Americans Increasingly Optimistic About Homeownership
Prudential Real Estate, a Brookfield Residential Property Services company…released a new national survey showing that Americans are significantly more optimistic about homeownership than they were a year ago. According to the second-annual Prudential Real Estate Outlook Survey, a full 60 percent of Americans have favorable views toward the real estate market. That’s up 8 points since last year.
The survey shows that signs of increasing optimism are widespread:
With interest rates at historically low levels, 96 percent agree or somewhat agree that now is a good time to buy.
A full 70 perce3nt of respondents have some degree of confidence that property values will improve over the next two years; with an 8 point increase in those very confident or confident compared to last year.
63 percent believe that real estate is a good investment despite the recent market volatility; that’s up 11 points from last year.
The survey confirms that despite the recession, homeownership remains a central part of the American Dream. Eight in 10 respondents said homeownership is very important to them; only 15 percent said the economic downturn made homeownership less important….
There’s a lot of negative information and news about the real estate market, but not to worry–there is a brighter side to housing! In fact, there are nine reasons to be optimistic!
There’s been a lot of positive signs for a housing (and broader economic recovery) coming out lately. Here are nine reasons we might be looking at a better 2012 than 2011 in the residential construction market:
Unemployment dropped to its lowest point since 20092. Pending home sales up 10.3 percent in October