“It’s natural for buyers to be anxious. As prices rise, buyers are seeking ways to protect themselves. Fortunately, innovative new financial tools can reduce the risk and let more Americans reap the benefits of their hard work.
Dallas, TX (PRWEB)
May 03, 2017
Americans remain generally confident in the country’s housing market and the value of homeownership despite recent interest rate hikes, according to ValueInsured’s quarterly Modern Homebuyer Survey.
The survey produced an overall ValueInsured Housing Confidence Index score of 67.7 on a hundred-point scale, down less than one percentage point from January. The index is the aggregate mean of seven multidimensional confidence measures collected through the survey.
Although the index score held steady, jitters are on the horizon. The new survey suggests that housing confidence’s “Trump bump” has plateaued after two interest rate increases in three months. Fewer than half of Americans (48 percent) now believe the housing market will be more favorable with the new administration (compared to 52 percent in January). And while 63 percent of Americans are hopeful that 2017 will be better for the housing market than 2016, this number has declined by 6 percentage points since January.
The survey was fielded April 1-7, two weeks after the most recent Federal Reserve interest rate increase. Despite tempered confidence, Americans still value homeownership and want to buy:
Nearly eight in 10 Americans (79 percent) believe buying a home is more financially beneficial than renting.
- More than three in four Americans (77 percent) believe buying a home is one of the best financial investments they can make.
- Nearly four in five non-homeowners (79 percent) said they would like to buy a…