For many years, when home prices and mortgage rates were both lower than normal, home buyers had a historic opportunity to find a great deal and lock in an excellent rate.
These days, though mortgage rates remain historically low, home prices have rebounded and, in some markets, surpassed previous peaks. Which explains why the most recent results of Fannie Mae's monthly Home Purchase Sentiment Index show more Americans saying it is a good time to sell a house than buy one. In fact, the number of respondents who said it was a good time to sell was up 8 percent over the month before. At the same time, the number who said it was a good time to buy fell. Doug Duncan, Fannie Mae's senior vice president and chief economist, says the survey has seen its results reversed over the past few years. “In the early stages of the economic expansion, home selling sentiment trailed home buying sentiment by a significant margin. The reverse is true today,” Duncan said. “The net good time to sell share is now double the net good time to buy share, with record high percentages of consumers citing home prices as the primary reason for both perceptions.”
But though that may sound like bad news for potential buyers, the more American homeowners put their homes up for sale, the more likely price increases will slow down and offer buyers some relief.
Author:Tim Stoll Phone: 214-868-2959 Dated: September 8th 2017 Views: 404 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, ex...
With quite possibly one of the biggest transactions in your life, you can rest assured that you’re in good hands with Sean. As your agent, Sean is with you every step of the way, listening to all of your needs and concerns, and guiding you in the right direction through the twists and turns of the home selling and buying process.
After graduating with Finance degree from University of Texas at Arlington, Sean found his passion for real estate in 2007 while working with two national home builders. In 2011 he decided to become a full time Realtor®.
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More Americans Say Now is a Good Time to Sell! Recently relea
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