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2017 Q2 Homeownership Opportunities and Market Experience (HOME) Survey

June 26, 2017

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The Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. It covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.

Highlights:

  • Across all groups surveyed, the majority feel that now is a good time to buy a home.  
  • Not surprisingly with rapid home price acceleration,  those who are currently renting or living with someone else, those who are under 34 years of age, and those who live in urban areas are less confident that now is a good time to buy.
  • Seventy-one percent of people believe that now is a good time to sell a home.
  • Forty-two percent of all respondents believe that homes are affordable for almost all buyers, compared to 49 percent that believe homes are affordable to buyers with above average incomes.

This HOME survey is released on a quarterly basis.