Over Half of Americans Feel Now Is the Right Time to Buy

Fifty-six percent of Americans feel confident that it’s the right time to buy a house, according to a survey of over 1,000 conducted by IPX 1031. 

For many, economic factors play a role in this conclusion. Per the survey, 3 in 5 said they were buying a home due to fear of tariff-driven price increases, and 57% said it was due to mortgage rate projections. Additionally, 42% gave the reason for moving as relocating to somewhere with a lower cost of living. 

For first-time homebuyers especially, emotions drive decisions, including comfort and personalization and a desire to hit a life milestone, in conjunction with a fear of rising prices.  

Ninety-one percent of first-time buyers said they felt that the stability of owning outweighed the flexibility of renting, and 95% placed an emotional importance on owning a property. Financially, 56% said they believed owning a home would recession-proof their finances.  

Still, 72% of first-time buyers reported being anxious about the responsibility of owning a home, and some said they planned to rely on a government grant (23%) or buy with friends (30%) to offset costs. 

Additionally, over 1 in 10 buyers reported looking to purchase a rental property, and nearly 1 in 10 said they wanted to purchase a secondary home this year.