Eye On Housing
An earlier post revealed that only 12% of adults polled in the second quarter of 2019 are prospective home buyers (they are planning to buy a home in the next year). The poll asked these buyers to estimate the share of homes available for-sale in their markets they believed they could afford. As the graph below shows, affordability expectations are… Read More ›
A second quarter 2019 NAHB poll revealed that only 12% of adults are prospective home buyers, i.e. they are planning to buy a home in the next year. These prospective buyers were asked about their expectations for housing availability going forward. As the graph below shows, 20% expect the search for a home to become easier in the months ahead,… Read More ›
As revealed in a previous post, 53% of buyers actively searching for a home to buy in the first quarter of 2019 have been looking – unsuccessfully – for three months or longer. Why is it taking these buyers that long to pull the trigger? The most important reason is they can’t find a home at a price they can… Read More ›
Many people start thinking about a home purchase well in advance of actually engaging in the process of finding a home. In a national poll in the first quarter of 2019, 13% of adults reported planning a home purchase within the next year. Of those prospective buyers, 46% are already actively involved in trying to find a home to buy. … Read More ›
In addition to analyzing buyers’ perceptions about housing availability, the Housing Trends Report also explores perceptions about housing affordability. To this end, the poll asks prospective home buyers to estimate the share of homes available in their markets they believe they can afford. In the first quarter of 2018, 82% estimated they could afford fewer than half the homes for-sale… Read More ›
In the first quarter of 2019, adults planning a home purchase (i.e. prospective buyers) were asked about their expectations for housing availability in the near future. Results show that 22% expect the search for a home to become easier in the months ahead, an improvement over the 16% who had that same expectation a year earlier. During this period, the… Read More ›
In the first quarter of 2019, 13% of adults reported plans to purchase a home within a year. That is just slightly below where the share stood a year earlier, at 17%. The decline marks the second consecutive year-over-year drop in the share of adults planning to buy a home, providing further evidence that the deterioration in affordability is having… Read More ›
As revealed in a previous post, 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking – unsuccessfully – for three months or longer. Why is it taking these buyers that long to pull the trigger? The most important reason is they can’t find a home at a price they can… Read More ›
Most people start thinking about and planning a home purchase well in advance of actually engaging in the process of finding a home. In a national poll in the final quarter of 2018, 13% of adults reported planning a home purchase within the next year. Of those prospective buyers, 54% were already actively involved in trying to find a home… Read More ›
In addition to analyzing buyers’ perceptions about housing availability, the quarterly Housing Trends Report (HTR) also explores perceptions about housing affordability. The poll asks prospective home buyers to estimate the share of homes available in their markets they believe they can afford. In the final quarter of 2018, three out of every four buyers (76%) estimate they can afford fewer than… Read More ›