Home Buying Interest is Up

Even in Frugal Times, Home Buying Interest Up


A survey of U.S. adults in September finds that many people continue to be very conservative about how they spend money.



The findings conclude:



· About 17 percent say they expect to have more money to move to a different home. That percentage is virtually unchanged since May 2009.



· Those who expect to buy a new house or condo are up from 7 percent in May to 10 percent in September.



· Those who expect to buy a boat or RV have doubled from 3 percent to 6 percent.



· About 10 percent expect to start a new business next year, compared to 6 percent who said they planned to do so this year.



· About 52 percent of all adults say they expect to save or invest more money, the same answer from the same percentage of respondents over the last two years.



Source: Harris Interactive (10/04/2010)

I have found this to be true in our area.  Working in the Macomb and Oakland County areas the interest in home buying is up from this time last year.  More families are seeing the opportunities in the market to get a great buy with history making interest rates.

If you are thinking of buying or selling or have other real estate needs, please feel free to give me a call.