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Americans Have Mixed Feelings About Market
Dated: October 20 2022
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Americans Have Mixed Feelings About Market The housing market has shifted, and Americans are still adjusting to the change, according to the results of Fannie Mae’s most recent Home Purchase Sentiment Index. The index is based on a survey of Americans asking them about their perception of the current housing market and their financial situation. In July, survey respondents were less optimistic than in prior months, with fewer participants saying they feel now is an excellent time to buy or sell a house. But while market sentiment has fallen, respondents say their household income is up from last year, and they feel affordability conditions will improve over the next year. Doug Duncan, Fannie Mae’s senior vice president and chief economist, says Americans have mixed feelings about the market. “We believe consumer reaction to current housing conditions is likely to be increasingly mixed: Some homeowners may opt to list their homes sooner to take advantage of perceived high prices, while some potential home buyers may choose to postpone their purchase decision believing that home prices may drop,” Duncan said. The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether you are looking for the latest sales, trends, or homes for sale in Collier, Lee, Charlotte, or Broward Counties in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida at www.MikeDowner.com or call Mike at 239-722-6453.
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