Apr 27

Home Buyers Are Still Hopeful

Home Buyers Are Still Hopeful

Home prices remain high and mortgage rates are rapidly rising, but home buyers are still hopeful about this spring. A new survey from OJO Labs, a real estate search site, shows that at least half of buyers believe the next three months will be a good time to buy a home.

OJO Labs surveyed consumers who indicated they were interested in learning more about a home between March 15 and April 17 and asked them to rate homebuying conditions over the next three months.

Of the more than 1,500 respondents, 31% agreed with the statement that the next three months would be a good time to buy a home, an increase from 25% last month. The “agree” cohort was the largest OJO Labs has reported since it began tracking the data.

A bar chart showing buy confidence in purchasing a home in the next three months.

Source: “Homebuyer Confidence Rebounds Even as Rates Rise,” OJO Labs (April 21, 2022)

©National Association of REALTORS®
Reprinted with permission

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