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National Association of Realtors Says It’s a Good Time to Buy a Home

time to buy a new home

In the third quarter of 2017, 77 percent of people believe that now is a good time to buy a home. Forty-eight percent believe that strongly, a increase from 43 percent in Q2 2017, and an increase from 43 percent in Q3 2016.

  • Only 23 percent of people believe that now is not a good time to buy a home.
  • Across all groups surveyed, the majority feel that now is a good time to buy a home. Not surprisingly with rapid home price acceleration, those who are currently renting or living with someone else, those who are under 34 years of age, and those who live in urban areas are less confident that now is a good time to buy.
  • Four in five people who currently own a home, those over 55 years of age, those with incomes over $100,000, those who live in rural areas, and those in the Midwest and South believe that now is a good time to buy a home.

good time to buy home