Americans’ confidence in the housing market has bounced back, according to the results of the most recent Housing Market Index. The index asks Americans how they feel about buying and selling a home, mortgage rates, prices, and financial security. Consumer sentiment improved in September and has now recovered a majority of the losses caused by the pandemic. In particular, the components gauging perceptions of selling a house, job security, and home prices increased.
Number of People Willing to Sell Their Houses
Economist Doug Duncan says the number of homeowners who decide to list their homes in the months ahead will determine the market dynamics. “Going forward, we believe the wild card to be whether enough sellers enter the market to continue to meet the strong home buying demand,” Duncan said. “The home purchase market requires the proper mix of home price growth and continued economic recovery to achieve sustainable levels of housing activity.” The net share of survey respondents who said it was a good time to sell rose 14 percent in September. Click on the link to learn more (source).
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