1 in 20 to buy a home next year- Will you be one?

Poll – 1 in 20 will buy a home next year

• According to a survey conducted for Move Inc., one in twenty Americans say they plan to buy a home within the next year, and they’re most likely to be 34 years old or younger and living in the South or West. 
• A quarter of potential buyers said the No. 1 reason they would buy now is because prices have bottomed out.
• That reason topped bargain-priced foreclosures, worries about rising interest rates and a wide selection of homes. 
• The percentage of buyers thinking of jumping into the market was down slightly from a March survey, but up about 1 point from a poll in June. 
• Home prices rebounded this summer at an annualized pace of almost 7 percent, according to the Standard & Poor’s/Case-Shiller home price index, but with high unemployment and foreclosures, economists debate whether prices will dip again. 
• Those surveyed widely favored federal policies that kept interest rates low and helped troubled homeowners avoid foreclosure over those that helped first-time homebuyers purchase a home.
• And, overall, 48 percent of those polled didn’t think the government was doing enough to stabilize the housing market, whereas 42 percent thought it was.
• Forty-five percent of Americans worry that they or someone they know will face foreclosure in the next year.
• And almost 30 percent of those with a mortgage have contacted their lender in the past year to reduce their payments.

For more valuable First Time Home Buyer information visit our website: http://firstimehome.us

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