There has been an increase in the American perception on why it's a good time to buy now. (According to the Wells Fargo's second annual "How America Views Homeownership" survey).
Approximately 72% of Americans are ready to buy a home. This is up from last year by 4% already. Not only has this topped economist's expectations, but it's also surpassed building permits for home builders since 2007.
"With the Federal Reserve expected to raise rates later this year, the combination of a robust US economy and relatively cheap debt could drive a boom in the housing market next."