Renters skeptical about home ownership in Q3

skeptic-300x199World Property Journal

According to the National Association of Realtors’ Housing Opportunities and Market Experience (HOME) survey, lofty U.S. home-price growth and tight supply are leading to softening confidence among renters about whether it’s a good time to buy a home or not.

In NAR’s third quarter HOME consumer survey, respondents were asked about their confidence in the U.S. economy and various questions about their housing expectations, including a series of questions related to down payments and the amount of money they believe they need to purchase a home.

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