44% of Americans surveyed by Harris Interactive believe the housing market will improve after the presidential election. The survey also showed a strong indication that there are a lot of buyers out there that have delayed their home purchase but plan to make a move within the next 12-24 months.
Of course, this means that buyers who wait will be competing with everyone else and the market will flip to a seller's market. If you have a stable job and owning a home is in your plans. Don't delay, you will be able to build equity faster if you buy on the low end of the scale rather than wait for the market to go back up. We have had less of a price decline in the Central Indiana area than many other areas because we did not have the huge price run-ups that they had but there are plenty of homes currently on the market with motivated sellers because it has been so stagnant.
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