Home buyers optimism is going up, up, up!
The Lawhead Team would like to share the latest “One Cool Thing” from the California Association of Realtors about home buyers optimism going up:
The home-buying process may be longer this year, and buyers may be up against multiple offers, but their long-term optimism about home prices in their new neighborhoods has gone up, up, up!
Buyers who say prices will increase over the next 5 years:
- In 2009 35% of buyers said prices would increase over the coming 5 years.
- In 2010 52% of buyers said prices would increase over the coming 5 years.
- In 2011 46% of buyers said prices would increase over the next 5 years.
- In 2012 41% of buyers said prices would increase over the next 5 years.
- In 2013 60% of buyers said that prices would increase over the next 5 years.
- And, in 2014, 81% of buyers said prices will increase over the next 5 years.
That being said, the percentage of buyers who assumed properties would increase over the next 5 years nearly doubled!
