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Home Buyers Are Still Hopeful

April 25, 2022

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)