Many of today's consumers have long-term confidence in the housing market, according to recent research. Fifty-nine percent of those polled in a recent Associated Press-AOL Money & Finance survey said that now is a good time to buy a home, and nearly 54 percent of people surveyed in a recent Reuters/Zogby Index agree. The AP-AOL poll yielded some other interesting results: 40 percent think that housing prices will rise soon.
35 percent think the prices of homes in their neighborhood are about right. Consumers aren't alone. NAR's monthly Realtor® Confidence Index indicates that Realtors® believe that their local market conditions are improving. www.chriscastetter.com
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