If you’ve been on the fence about purchasing a home because you’re unsure of the market, it might be time for you to take a cue from the majority.

According to the National Association of Realtors’ most recent Housing Opportunities and Market Experience (HOME) Survey, nearly 70% of Americans believe that now is a good time to purchase a home. This buyer confidence is likely due to a number of factors, but one of the main factors at play is likely the upcoming increase in available inventory. According to a recent report on new construction from the US Census Bureau and the US Department of Housing and Urban Development, builders completed new homes at a record rate in May 2018 (a seasonally adjusted rate of nearly 1.3 million) and approved another 1.3 million building permits—which means a ton of new inventory is about to flood the market, making it significantly easier for potential buyers to find and purchase homes.

The Takeaway

If you’ve been thinking about purchasing a home, it looks like it’s time to make a move and take advantage of what 70% of Americans believe to be a good time to purchase property.

The Ultimate Home Buyer's Guide
What you can expect, from start to finish!

By Lester A. Salazar
Your Local Real Estate Expert

Want to find the home of your dreams?

The Ultimate Home Buyer's Guide
What you can expect, from start to finish!

By Lester A. Salazar
Your Local Real Estate Expert

And also get it at the best price possible? Then download your free copy of this guide: The Ultimate Home Buyer's Guide

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