Wednesday, May 13, 2009

GALLUP SAYS AMERICANS WANT HOUSES

As long-term investments, Americans prefer houses and savings accounts to stocks, bonds, or mutual funds, according to a Gallup Organization survey released earlier this week.

Gallup asked the question, "For people in general, do you now is a good time or a bad time to buy a house?" An overwhelming 71% of respondents said they felt now was a good time to buy a house.

Of course, there are going to regional biases in this answer. But if you're looking for an attitudinal shift toward the United States housing market, the Gallup poll this week is more evidence that we're turning the corner.