With fewer homes available for sale and prices on the rise, it's a great time to sell a house. And, according to Fannie Mae's most recent Home Purchase Sentiment Index, more Americans are noticing.
In fact, their survey – which tracks Americans' perceptions of the housing market, buying and selling a home, prices, mortgage rates, and their personal financial situation – found that 77 percent of respondents said they feel like it's a good time to sell. That's up 10 percent from last month.
Doug Duncan, Fannie Mae's senior vice president and chief economist, says optimism about buying conditions isn't as high, but demand should remain strong. “Despite the pessimism in home buying conditions, we expect demand for housing to persist at an elevated level through the rest of the year,” Duncan said. “Mortgage rates remain not too far from their historical lows, and consumers are expressing even greater confidence about their household income and job situation compared to this time last year, when the pandemic had shut down wide swaths of the economy.”
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