Record-Low Share of Americans Say It’s a Good Time to Buy a Home
- Gallup survey conducted when median home-sale price hit record
- First time overall poll shows people say now a bad time to buy
Home prices have been rising rapidly due to lean inventory and high costs.
Photographer: Sam Hall/BloombergThis article is for subscribers only.
Just a third of Americans say now is a good time to buy a house, the worst share in a Gallup Inc. survey’s history back to 1978.
The poll was conducted from April 1-19, when the median sale price of U.S. homes reached a record $428,000 and mortgage rates climbed to a decade high, Gallup said Wednesday. It’s the first time the study has showed Americans collectively say now is a bad time to buy.