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Americans Say It’s A Good Time To Sell
Dated: October 19 2022
Views: 72
Fannie Mae conducts a monthly survey of Americans to gauge public perception of the housing market and economy. The survey asks participants whether they think now is a good or bad time to buy a home, if they believe mortgage rates will rise or fall in the next year, and about home prices, financial situation, and job security.
According to the most recent survey results, respondents still feel cautious about the current market, though most say it’s an excellent time to sell a house. Fifty-nine percent of Americans feel now is a good time to sell. Doug Duncan, Fannie Mae’s senior vice president and chief economist, says buyers aren’t feeling as optimistic. “As long as supply is limited and affordability pressures continue to constrain potential home buyers via elevated home prices and mortgage rates, we expect home sales will remain sluggish,” Duncan said.
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