Just over half of Americans view a home as a family’s best investment, although most don’t think it’s a good time to sell, a Rasmussen Reports survey finds.
The survey found that 51 percent of American adults said buying a home was the best investment that most families can make, while 26 percent disagreed.
Another 22 percent were undecided.
Editor's Note: 'It’s Curtains for the US' — Hear Unapologetic Warning from Prophetic Economist.
The survey found that Americans’ views on housing might be improving after dipping in the spring.
“The number of Americans who see a home as a best investment for most families rose above the 50 percent mark in January for the first time since June of last year and remained there until May when it fell to 47 percent,” Rasmussen Report found.
“The latest finding is the first time it has been above 50 percent since then. That compares with 73 percent who thought a home was a family’s best investment in September 2008 just before the Wall Street meltdown.”
Despite the improved outlook, now might not be the best time to sell.
Only 15 percent of the respondents said that generally speaking, now is a good time for someone in his or her area to sell a house, a finding that was consistent with surveys since the beginning of 2012 and slightly higher than survey findings from 2009 through 2011.
Rasmussen added that 62 percent did not believe now is a good time to sell, and 23 percent weren’t sure.
The U.S. housing market continues to show signs of improvement though it’s far from roaring back.
Sales of previously owned homes rose 2.3 percent to an annual rate of 4.47 million units in July, the National Association of Realtors reported, according to Reuters, slightly below analysts’ expectations of 4.52 million units.
“The housing sector has turned a corner, and demand will continue to improve,” said Michelle Girard, an economist at Royal Bank of Scotland, Reuters added.
“The data also underscores the fact that improvement will be gradual.”
Editor's Note: 'It’s Curtains for the US' — Hear Unapologetic Warning from Prophetic Economist.
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