The housing market's gradual recovery helped many consumers feel more confident, according to a survey from FindLaw.com.
Since 2010, the level of consumers uninterested in the housing market declined markedly. This year, fewer than one-third of respondents noted they aren't interested in acquiring a home due to economic hurdles, the survey showed. However, this sentiment was nearly 65 percent two years ago. Those who want a home because of the improving economic situation increased to 11 percent, three percentage points higher than 2010.
"Two years ago, the economic situation was driving a lot of potential homebuyers to the sidelines," said Stephanie Rahlfs, attorney and editor for FindLaw.com. "But today we're finding that the state of the economy is becoming less of a factor in keeping people out of the housing market."
Not only have consumer confidence increased due to recent real estate records, but industry members also feel better about the housing situation. According to Redfin, three-quarters of agents felt that it was a good time to purchase a home in September, while 54 percent felt that selling was a good idea.