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Report: Home Buyers are In, Sellers are Out

A study entitled "The Great Recession and Attitudes Toward Homebuying" sponsored by MBA's Research Institute for Housing America (RIHA) concluded that prospective homebuyers believe now is a good time to buy, given today's low home prices and low mortgage interest rates, but potential sellers are nearly unanimous in reporting that it is not a good time to sell a home, citing difficulty in finding buyers at desired sales prices.

The study was conducted by Professor Gary V. Engelhardt of Syracuse University utilizing 30 years of data from the University of Michigan's Survey of consumer attitudes toward homeownership before, during, and after the recent recession. Key findings from the study include:

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Jann Swanson
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The Mortgage Bankers Association (MBA) has demonstrated again that the public's perception of the real estate market depends on which side of the closing table they plan to sit.