Americans are more upbeat about the idea of selling, particularly as the vaccine rollout continues and latest round of stimulus checks are distributed. That could come as hopeful news as many markets face severe housing shortages and buyers are increasingly being left with few choices of homes for sale.
Fannie Mae’s Home Purchase Sentiment Index rose by 5.2 points in March to a reading of 81.7. The components on the index that increased the most last month related to home selling and buying, household income, and home prices.
Here’s a closer look at indicators from March’s Fannie Mae’s Home Purchase Sentiment Index, reflecting responses from nearly 1,000 consumers over the housing market:
- 61% of consumers said it’s a good time to sell, up from 55% in February.
- 53% of consumers said it’s a good time to buy a home, up from 48% in February.
- 50% of Americans surveyed believe home prices will go up over the next 12 months, up from 47% the month prior.
- 54% of consumers expect mortgage rates to increase over the next year, up from 47% a month earlier.
- 82% of Americans say they are not concerned about losing their job over the next 12 months, unchanged from February.
- 25% of respondents said their household income is significantly higher than it was 12 months ago, up from 17% in February.
https://magazine.realtor/daily-news/2021/04/08/vaccines-stimulus-are-fueling-seller-optimism
