Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup.
Demographic shifts and the pandemic-fueled move to remote working caused demand among home buyers to jump. “ Gallup found that 71% of Americans believe that home prices are going to increase over the next year in their local market. ” This is the highest reading since Gallup began tracking this data point, though it is not statistically different from 2005’s measure of 70%. A year ago, only 40% of people expected home prices to increase.
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