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Home » Affordability Challenges Outlook for Purchase- Mortgage Lending and Homeownership Rate
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Affordability Challenges Outlook for Purchase- Mortgage Lending and Homeownership Rate

April 30, 2015
The share of non-homeowners that expect to purchase a home in the foreseeable future is down significantly compared with two years ago, according to a new poll by Gallup. However, a survey commissioned by JPMorgan Chase suggests that potential homebuyers are ready to “get off the sidelines” before interest rates increase. In April 2013, Gallup found that 31 percent of non-homeowners didn’t expect to purchase a home in the foreseeable future. In a survey conducted this month, the share of non-homeowners that don’t expect to buy a house in the foreseeable future increased to 41 percent. Art Swift, managing editor at Gallup, noted...
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