According to ValueInsured’s newly released survey, confidence in the housing market is rising. ValueInsured reported that the ValueInsured Housing Confidence Index was 68.7 points last month, up from March’s 67 points. What is still causing homebuyers to feel anxious about purchasing their first home is the housing crisis of 2008. Of those surveyed, 63 percent of Americans and 72 percent of American Millennials said that the 2008 crisis impacted their decision in home buying. If both parties had more confidence in the housing market, more than half of those surveyed would buy or upgrade sooner, according to ValueInsured. To create their survey, ValueInsured sampled 1,022 American adults ages 18 and older. National real estate brokerage Redfin also recently released a new and improved Demand Index that now includes data from Washington, D.C. According to a press release, the Demand Index offers insight into homebuyer demand by compiling data on how many Redfin customers request tours and write offers.
- New home sales rise to 7-year high as demand buoys builders
- Here are summer’s hottest housing markets