Patrick Stewart Properties is dedicated to keeping you up to date on the most recent real estate news relevant to the Coachella Valley housing market. The Century 21 First-Time Home Buyer Survey polled 1,000 prospective U.S. first-time home buyers in early March in order to gain insight into peoples’ outlook on the current real estate market.
The survey revealed that 78 percent of potential first-time home buyers believe that now is a good time to buy a home. Despite the economy’s recent challenges, 85 percent of people recognize that current home prices are affordable. Furthermore, 73 percent of people surveyed said that taking advantage of current prices is a major factor in their purchasing decision.
Revealing a general optimistic outlook on the real estate industry, 68 percent of people surveyed say that now is a better time to buy than six months ago. With all the news about foreclosed homes across the nation, one might think every one is trying to get their hands on one of these properties. Interestingly, only 56 percent are thinking about buying a foreclosed or short sale home.
Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.
I’m noticing the same thing here in the Denver Real Estate market… but momentum is swinging around and the window may be closing soon.