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In 2022, 30% of U.S. adults said it was a good time to buy a house, according to a Gallup poll. It was the first time since the poll began in 1978 that the question polled below 50%. In 2008, 53% answered it was a good time to buy a house. 

Gallup attributed the negative perception to a combination of factors, including record-high property prices — the average U.S. house price surged to $428,000 in May 2022 when the poll was taken— and rising mortgage interest rates.

Residents who were higher income, suburban, from the Midwest, and current homeowners experienced the greatest drop in perceptions about the best time to buy between 2021 and 2022. 

A similar poll by YouGov in 2022 produced similar results, with 52% saying it was somewhat or a very bad time to buy a house and 27% saying it was a somewhat or very good time to buy. 

This Fact Brief is responsive to conversations such as this one.


Gallup Record low in US say it is a good time to buy a house

YouGov The housing market | YouGov survey toplines, May 10–12, 2022

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Jacob Alabab-Moser / Wisconsin WatchFact Checker

Jacob Alabab-Moser joined as Wisconsin Watch’s fact checker in September 2022, as part of the effort by The Gigafact Project in partnership with different state-level news outlets to combat misinformation in the 2022 midterm elections. Jacob has several years of experience as a fact checker and research assistant at a variety of organizations, including at The Gigafact Project. He holds a BA from Brown University and is pursuing a MSc from the London School of Economics and Political Science.