Consumers in the United States from various age groups mostly considered that the current conditions were unfavorable for buying a home as of December 2022. Consumer sentiment steeply declined in 2021, amid surging house prices and increasing mortgage rates. Respondents aged 18 to 34 were the least positive, whereas respondents in the age group 55 and older had a slightly higher index score, suggesting they were slightly less pessimistic. The index value of 36 in this age group means there were 36 percent more more negative responses than positive ones.
Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group
Consumers; Index score is the percent favorable minus the percent unfavorable plus 100. More information is available under the "Details" tab.
Method of interview
Questionnaire
Supplementary notes
This question was phrased by the source as follows: "Generally speaking, do you think now is a good time or bad time to buy a house?" Respondents were then to choose between one of three answers: "good time to buy", "uncertain, depends" and "bad time to buy". Based on the distribution of these replies, the source calculated the index: the percentage of positive replies minus the percentage of negative responses, plus 100. For example: 56 percent "good time to buy" minus 42 percent "bad time to buy" equals 14, plus 100 leads to an index score of 114.
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UMSI. (December 23, 2022). Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/
UMSI. "Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group." Chart. December 23, 2022. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/
UMSI. (2022). Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/
UMSI. "Opinion of Consumers in The United States on Whether Buying Conditions for Housing Are Favorable or Not from January 1999 to December 2022, by Age Group." Statista, Statista Inc., 23 Dec 2022, https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/
UMSI, Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group Statista, https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/ (last visited January 08, 2025)
Opinion of consumers in the United States on whether buying conditions for housing are favorable or not from January 1999 to December 2022, by age group [Graph], UMSI, December 23, 2022. [Online]. Available: https://www.statista.com/statistics/1240669/buying-conditions-for-housing-usa-by-age/
