A recent poll done by Reuters found that over 54% of all Americans believe now is a great time to be looking to buy a home. That’s a good sign for both Tampa sellers and it certainly means buyers should consider what it could mean for house prices in Tampa.
Since consumer confidence has crept up from a low of 87.7% in March to 95.5% in April, it would indicate that consumers are more likely to be making the big commitment to buying a house in the near future. It also means if you’re going thinking of buying it wouldn’t hurt to make your move now before demand increases and prices begin to slide back up.
Even though there’s been month after month of doom and gloom when it comes to the economy, it seems American’s are ready to ignore that part of the equation, instead looking towards a brighter future which includes purchasing a home now. There’s no rose colored lenses here - 71% of all Americans believe the US economy is in a recession. People know what they’re up against.
But more good news. In March, only 46% felt their personal finances were healthy and in just a month, that number had jumper by 7% to 53%.
So it appears that even though there may be an economic recession going on, the American people have decided that it isn’t going to be enough to stop them from purchasing a Tampa property. And with interest rates that have never been so good, that’s pretty enticing all in itself.
Raul Aleman