More homeowners think now is the best time to sell, but that doesn’t mean they’re listing homes Inventory remains tight despite record levels of positive sentiment
Single family homes
More homeowners think now is the perfect time to sell than they have in the past 26 years. 新爱上海同城对对碰论坛 But that positive sentiment has done nothing to boost listing inventory and alle上海贵族宝贝 viate the tight housing market.
In early May, 39 percent of respondents in a survey conducted by the University of Michigan said conditions for selling a home were optimal because of favorable prices, Bloomberg News reported.
Th上海千花网龙凤论坛 at was the highest share of homeowners who had a positive view on the market since late 1992.
But even though a greater share of homeowners think now is the best t爱上海同城手机版 ime to sell than they did during the peak of the house-flipping cycle in mid-2005, when the figure stood at 30 percent, the sentiment hasn’t led owners to list their homes for sale.
One explanation could be the fact that borrowing costs have climbed since the end of last year, making housing less affordable, especially for first-time b爱上海同城 uyers. The national rate for a 30-year mortgage is at a seven-year high at an average of 4.61 percent, according to Freddie Mac. That’s up from last year’s low of 3.78 percent in September. [Bloomberg] – Rich Bockmann
Tags: Housing Market, Residential Real Estate
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