However, the survey also shows consumers remain cautious about real estate process, with 62% of respondents stating that obtaining financing is more challenging than it was pre-financial crisis. Given the dynamics and challenges of the market, 72% feel that having a trusted partner for the process is important, with younger generations being most concerned about finding reliable sources of information."The housing market has finally turned the corner," said Stephen Phillips, chief operating officer for HSF Affiliates LLC. "It's been a tough road but the momentum we are seeing across the economy and real estate market appears sustainable. Real estate agents have a real opportunity to develop new relations with a younger generation ready to invest in a home, and with others who are returning to the market thanks to improving conditions."
Prudential Real Estate Outlook Survey: Home Ownership Is Increasingly Important To Younger Americans
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