Seller Optimism Has Never Been This High

Survey: 8 out of ten consumers (77%) say it is a fantastic time to market a residence. Buyers, even so, are not pretty as pumped: 2 out of 3 (64%) say it is a bad time to acquire a residence.

WASHINGTON – Practically 8 out of ten U.S. consumers (77%) say it is a fantastic time to market a residence – a report large, according to Fannie Mae’s Residence Obtain Sentiment Index.

Sellers have a lot of rationale to feel so upbeat: Existing-residence product sales selling prices have been at a report large in Could and up virtually 24% in contrast to a calendar year previously ($350,300), according to the National Association of Realtors® (NAR). All those higher residence selling prices translate into greater fairness for residence sellers. In the very first quarter of 2021, the ordinary home-owner observed their fairness climb virtually 20% more than the earlier calendar year,

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