will rise over the next year, according to a Bankrate.com
survey
The most important people in the real estate industry
are not the brokers, agents, and all the other people involved in
the industry. The answer is that those who carry the greatest
importance are our clients. These are the people who make the real
estate engine hum, who push its limits and successes further just
as it has been done over the past year. Mobilizing the population
and boosting consumer confidence is thus what drives the industry
forward, and this has indeed been the status quo as of late as the
demand to buy real estate has never been stronger.
A recent survey enacted by Princeton Survey Research
Associates International and Bankrate.com found that 55% of all
Americans insist that home prices will continue to rise over the
next twelve months. Another 27% of Americans believe that prices
will stabilize and be kept roughly the same, while just 9% think
prices will decline. Of course, across the country there are
markets that are in quite the polar opposite circumstances with
regards to the real estate industry. Citizens of Boston and
Massachusetts as a whole would look upon the housing industry far
more favorably than those in other less prosperous areas of the
United States; as the story goes. Although collectively in the
nation, there is an upward trajectory for people’s emotions
regarding the matter.
Those in the upper-middle-income households that are
earning anywhere between $50,000-$75,000 annually are the ones who
are the most optimistic. In this segment, it becomes apparent that
65% of the individuals surveyed are confident that home prices will
continue to rise, while just 6% have an inkling that they will
fall. Bankrate.com back in January conducted another survey
regarding what the best investment over the next ten years would
be, and found that real estate was the second most popular response
at 23%, just behind keeping hold of your cash.
Greg McBride, Bankrate.coms Senior Financial Analyst, came to
comment on this optimism in the community by stating, It seems like
Americans love affair with real estate has returned. What a
welcomed love story to fall back into. What comes to be known is
that now only one in every eight Americans feel less secure today
in their jobs than they did a year ago, displaying even more
positivity in the marketplace and the greater economy. This marked
the lowest point since the polling began for this study back in
December of 2010, which is great news indeed. The predictions of
favorable prices amongst the populace is clearly quite the
breakthrough as it was not long ago where the opposite sentiment
would have been widely felt.
More Information: Boston Business
Journal