The future of the housing market is looking brighter.
According to a recent FindLaw.com survey, Americans are feeling less discouraged about the housing market. The percentage of Americans who say they are sitting on the sidelines rather than considering buying a house has dropped by more than half.
In 2010, 63 percent of Americans said they were less likely to buy a house because of the state of the economy. Today, that number has fallen to 30 percent. And, because of low housing prices and mortgage rates, the percentage of people who say the current economic situation makes them more likely to buy a house has increased from 8 percent to 11 percent.
“Today we’re finding that the state of the economy is becoming less of a factor in keeping people out of the housing market… Among middle and upper income levels, we’re seeing a significant rise in people saying the current economy is making them more likely to enter the housing market,” said Stephanie Rahlfs, an attorney and editor with FindLaw.com.
The decision to buy or rent a home often raises legal questions, and FindLaw.com — the most popular legal information website — can help.
FindLaw’s Real Estate center features information on buying, selling and owning a home, including obtaining a loan, borrowers’ rights, finding the best mortgage, homeowners’ rights, avoiding or surviving foreclosure, and more. There’s also information for renters on topics like negotiating a lease, tenants’ rights, and fair housing and discrimination laws.
Whether renting, buying, selling, or facing foreclosure, FindLaw.com has free resources to help consumers understand the legal aspects of owning or renting a home.
— Michelle Croteau, Director of Marketing Communications
with Robyn Hagan Cain, FindLaw Audience Team