The Gallops poll conducted between 7-9 January asserts that Americans believe it's the right time for buying new homes, but the housing finance system is limiting potential buyers.
Buying new homes can get easier for Americans only if loans for buying new homes are provided on low interest rates. But with the federal takeover of Fannie Mae and Freddie Mac the market is being limited only to potential buyers able to meet their more restrictive loan requirements or able to buy without taking a loan.
Bargains for buying new homes will get better as the year unfolds with S&P anticipating a fall of 7% to 10% in the average price of homes and RealtyTrac having reported a record number of foreclosures last year. But with the current housing finance system in place it will be difficult to entice buyers into buying new homes.
