We recently had a booth at the Touch of Class car wash in Poway, where we chatted with people and surveyed their opinions on the Real Estate market. Here’s what they had to say:
What do you think of the current Real Estate market? Thirty five percent of people thought that the real estate market still presents fantastic opportunities for buyer and thirty five percent thought that prices have stabilized but there are still good deals out there. However, thirty percent of the folks we spoke with felt that prices were still going down and that we’ve not yet hit the bottom.
So what is the biggest challenge facing today’s home buyer? A whopping seventy nine percent of those surveyed said that financing is much harder to get due to tougher lender requirements. And although interest rates are low, twenty one percent felt many buyers don’t have enough for a down payment.
So would you still purchase a home in today’s economy? Although twenty eight percent thought that buying a home is fast becoming out of reach for some people, seventy two percent of the people we spoke with thought that buying a home is still a great investment for the long run.
We want to hear what you have to say!