With the economy showing signs of improvement, more Americans are likely to enter the housing market, according to FindLaw.com.
A survey completed by the legal information website showed 30 percent of Americans said they were less likely to buy a home because of the state of the economy. That is an improvement from the 63 percent who had the same feeling in 2010.
Meanwhile, the percentage of respondents who said they current economy situation makes them more likely to buy a home was 11 percent. This was an increase from the 8 percent two years ago.
"Two years ago, the economic situation was driving a lot of potential homebuyers to the sidelines," said Stephanie Rahlfs, attorney and editor at FindLaw.com. "But today we're finding that the state of the economy is becoming less of a factor in keeping people out of the housing market."
Contributing factors to more Americans likely entering the market could potentially include record low mortgage rates and home buyer credit worthiness improving. According to the Federal Reserve Bank of Atlanta, homebuyers credit worthiness is at the highest level in 12 years.
