Not a “Good Time to Buy?” Tax Changes Might Make Opinions Worse

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Posted To: MND NewsWire

The idea that it is a good time to buy a home appears to be losing ground . The National Association of Realtors’® (NAR’s) new fourth quarter Housing Opportunities and Market Experience (HOME) survey appears to confirm a gradual erosion in this sentiment that Fannie Mae’s National Housing Survey has been reporting for months. Unlike Fannie’s monthly survey, however, the NAR also found that households are less confident about the economy and their personal finances. Seventy-two percent of the persons responding to the NAR survey said they surveyed considered it a good time to buy. For 43 percent it was a strong belief, down from 48 percent in the third quarter survey, and from 45 percent in the fourth quarter of 2016. Across all respondent groups only 28 percent didn’t think it was a good…(read more)

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