Nov
25th
Tue
25th
US Housing Stats
A NYTimes article writes about the depressed housing market in the US. One interesting stat in the article reported that “just 1.9%” out of the Conference Board’s 5,000 surveyed respondents said they thought it was a good time to buy a home in the next 6 months (Nov 2008 to Apr 2009..?). This is down from 2.6% in November 2007. I’m curious what “normal” is….? I’ll have to look up what these polls were like in circa 2004 to see what the upper bound might be (10% or 15%.. or much less?). UPDATE: According to Bloomberg, a 2005 Conference Board survey reported 3.9% of those surveyed thought it was a good time to buy a home. So the range looks fairly narrow: ~1.9% is a pessimistic market, and ~3.9% is wildly optimistic.
