According to a recent Gallup survey, seventy-seven percent of Americans expect home prices to rise or stay the same in the next 12 months. 34 percent of Americans expect the average price of houses around them to increase in the next year. Gallup reports that 43 percent of Americans expect housing prices to stay the same in the coming year. Confidence that prices will rise is strongest on the East and West coasts.
That confidence combined with low interest rates on government loans will mean more home sales in the short-term, Gallup said. Those sales, in turn, will stimulate the real estate market and larger economy.
The survey also noted that 72% of Americans think it’s a good time to buy a new home. But it also notes that the issue of job creation is an obstacle to feeling financially secure enough to buy.
To see the poll, go to Gallup