Home Buyers Are Still Hopeful

A picture of a man and a woman in a living room with a fireplace, with the woman gesturing toward one side of the room.

© Granger Wootz - Tetra images / Getty Images

Home prices remain high and mortgage rates are rapidly rising, but home buyers are still hopeful about this spring. A new survey from OJO Labs, a real estate search site, shows that at least half of buyers believe the next three months will be a good time to buy a home.

OJO Labs surveyed consumers who indicated they were interested in learning more about a home between March 15 and April 17 and asked them to rate homebuying conditions over the next three months.

Of the more than 1,500 respondents, 31% agreed with the statement that the next three months would be a good time to buy a home, an increase from 25% last month. The “agree” cohort was the largest OJO Labs has reported since it began tracking the data.

A bar chart showing buy confidence in purchasing a home in the next three months.