Buyers And Sellers Say Now Is The Time

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Nearly 70 percent of Americans say now is a good time to buy a house, according to the results of Fannie Mae’s most recent National Housing Survey. The number of respondents who feel it’s the time to buy increased 4 percent from the month before and was one of many indicators showing positive progress from previous months. Doug Duncan, Fannie Mae’s senior vice president and chief economist, said September’s results show a slight recovery in consumer housing sentiment after a two-month setback. Duncan believes this return to upward trending housing sentiment, combined with positive news on the jobs front, suggests a broad-based housing recovery is on track to resume in 2015. And, though there will likely still be some volatility in the market, Americans are generally feeling more optimistic about the economy and it’s beginning to influence their views on buying and selling homes. In fact, the number of participants who said now was a good time to sell a house also increased in September, reaching 39 percent of respondents. In addition, a growing number of participants said they feel the economy is on the right track and that they would prefer to buy, rather than rent, if they were going to move. More here.

Time To Buy