2017 Q4 Homeownership Opportunities and Market Experience (HOME) Survey

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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 are 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:

  • In the fourth quarter of 2017, 72 percent of people believe that now is a good time to buy a home.
  • Forty-three percent believe that strongly, a decrease from 48 percent in Q3 2017 and 45 percent in Q4 2016.
  • Seventy-one percent of people believe that now is a good time to sell a home, down from 78 percent in Q3 2017 and an increase from 62 percent in Q4 2016.
  • Forty-three percent believe that strongly, down from 51 percent in Q3 2017.
  • 85 percent would deduct both mortgage interest and property taxes if they bought a new home.
  • If changes to these deductions were made, 48 percent would experience financial strain.
  • 30 percent would be reluctant to move.

This HOME survey is released on a quarterly basis.

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