The California Association of Realtors (CAR) sent out a poll for two questions. First they asked:
“Do you feel more comfortable financially to buy a home today than a year ago?”
The second question they asked was:
“Do you think there is more risk to buy a home today than a year ago?”
First, take a look at each question and see if you think the percentage of last year will be higher or lower than the current year.The results to this infographic are below.
The results from the poll are interesting. According the poll for the first question, roughly the same number of homebuyers are feeling financially comfortable.
2018: 28% YES
2019: 29% YES
2020: 28% YES
However, economic turbulence has boosted the perceived risk of purchasing a home. The results of the poll for the second question are:
2018: 37% YES
2019: 30% YES
2020: 39% YES
According to CAR, housing stats are up, home sales are growing nationally and in California, buyer demand remains strong. Borrowers arefiling mortgage applications at an unseasonable pace and more than twice as many requests for home showings extends through Halloween.