The new Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. This new report covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.
Additionally, current topical trends are covered in the HOME survey. Renters are asked about their experience in the mortgage market and difficulties obtaining a home loan and when they will be ready to purchase a home.
Each quarter new questions will be added to the survey that reflect timely topics in an ever changing residential real estate marketplace.
Lastly, on a monthly basis renters and homeowners are asked about their personal financial outlook which is indexed on a scale of 0 to 100. Data will be reported not only on ownership status, but by age, income, and type of geographic location.