A recent survey has found that a large majority of respondents prefer to buy real estate in the current dismal state of the economy.
According to the online poll by Housing Predictor, 62 percent of respondents polled said now is the best time to buy a home or other real estate, despite uncertainty over the U.S. economy.
Of those that responded, only 38 percent said the present economic environment is too risky to make a purchase.
Foreclosures are near all-time levels supplying the U.S. housing market with an over supply of discount priced homes in many regions of the country, driving home sales higher with record low mortgage borrowing rates.
Home prices have fallen by at least half from their record high levels, driving homebuyers back into the market. First time buyers make up nearly a third of all home purchases, with investors making up nearly another third.
The six-year slowdown in home sales in many areas of the nation has been transformed with a tighter inventory of homes to choose from, including some of the hardest hit cities.