Survey Says Now Is A Good Time To Sell

A record number of surveyed Americans say they think now is a good time to sell For Salea house, according to the most recent National Housing Survey from Fannie Mae. The results of the latest survey show 43 percent of respondents think now is the time to sell. And that’s good news for prospective home buyers because – as more homes become available to buy – not only will there be more homes to choose from but home price increases will begin to moderate as well. Still, the number of Americans who say it is a good time to buy a house fell slightly from the month before, dipping to 68 percent. Doug Duncan, Fannie Mae’s senior vice president and chief economist, said this year’s spring and summer home buying season has gotten off to a slow start despite mortgage rates trending downward for the past two months. According to Duncan, this is because consumers are worried about their income and the direction of the overall economy. Though Americans have been generally optimistic about the housing market in recent months, a decreasing number of respondents say their household income has risen over the past year and 57 percent say the economy is headed in the wrong direction. These persistent concerns about personal finances and economic conditions may be keeping more consumers from entering the housing market as either a home buyer or seller. More here.

Michael Rosenbaum

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