National Real Estate Forecast Not Like Forecast For Baton Rouge Market
AP poll: More avoid home purchase
A growing majority say they won’t buy a home anytime soon, the latest sign of increasing pessimism about the nation’s housing crisis, a poll showed this morning. In a vivid sketch of how the sputtering real estate market is causing distress throughout the country, The Associated Press-AOL Money & Finance poll found that more than a quarter of homeowners worry their home will lose value over the next two years. Fully one in seven mortgage holders fear they won’t be able to make their monthly payments on time over the next six months. Sixty percent said they definitely won’t buy a home in the next two years, up from 53% who said so in an AP-AOL poll in September 2006. At the same time, just 11% are certain or very likely to buy soon, down from 15% two years ago. The poll also found that 59% think now is a good time to buy; half think this is a very tough time for first-time buyers; and nearly two-thirds think it’s harder for first-time buyers than it was five years ago.
According to this weekend’s Advocate Article, “No Subprime Slump”, the Baton Rouge market is doing much better than the national housing market, see article here: http://www.2theadvocate.com/news/17588089.html
Sources: Associated Press and Baton Rouge Business Report Daily News Update
