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: 407 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, ex...
I’m a Real Estate Professional by day, aspiring Tennis Pro by night.
I am originally from London, England however I moved to Westlake Village, CA to start my IT company in 1998. For the last 16 years I have lived in the DFW metroplex with the last 9 years being in Frisco Texas with my three delightful children.
As a professional REALTOR®, my focus is on client satisfaction. My years of business experience have provided me the tools to assist you with nearly every real estate need. Whether it’s finding you a home or helping you get the most out of selling your home I am here to guide you. I offer a unique perspectives on Frisco TX homes & subdivisions.
More Americans Say Now is a Good Time to Sell! Recently relea
"Nick Walton worked tirelessly to help us to sell our home. He was organized, accessible and professional throughout the entire process. Not only were we under contract within 5 days, we had four viable offers on the table. We would recommend him to anyone looking to buy or sell in the metroplex!"