The percentage of Americans who say it’s a good time to sell a house rose 26 percent year over year. The December Fannie Mae’s monthly Home Purchase Sentiment Index provide some illuminating results.
A Good Time to Sell for Americans
The survey was relatively flat from the month before. It asks Americans what they think about buying and selling, mortgage rates, home prices, their jobs, and household income. However, year-over-year comparisons show a large spike in the number of respondents who think it’s a good time to sell – while the number who believe it’s a good time to buy saw a significant drop. Doug Duncan, Fannie Mae’s senior vice president and chief economist, says the results may be a sign that the housing market will soften this year. “The HPSI’s underlying components changed dramatically in the last 12 months – particularly the two related to home-buying and home-selling sentiment – and we have seen the index drift slightly downward since March 2021, an indication that the housing market may begin to soften in the coming year,” Duncan said. Click on the link for more information.
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