Currently Reading

Buyer and Seller Housing Market Optimism Drops

Advertisement
Market Data + Trends

Buyer and Seller Housing Market Optimism Drops


January 8, 2021
Upset real estate
Photo: anon

While the majority of buyers and sellers feel it is a good time to buy and sell a home, that share continues to drop. Fannie Mae’s December survey found 52% of respondents think it is a good time to buy a home, a decrease from the previous month’s share of 57%. On the other end of the spectrum, 39% of respondents believe it is a bad time to buy, another increase from the previous 35%. CNBC reports about half of respondents say it is a good time to sell, which saw the greatest change with a 9% decrease from the November survey. 

“The sell-side component fell for the first time since April, reversing most of the increases of the past three months and implying to us that, at least temporarily, potential home sellers might wait to list their homes,” said Doug Duncan, chief economist at Fannie Mae. “If so, this could have the effect of perpetuating already-tight inventory levels and supporting additional (albeit lesser) home price growth, which could contribute to a further moderating of home sales.”

Consumers are feeling less confident about the housing market because they are also feeling less sure about the U.S. economy. More respondents said they were concerned about keeping their jobs, and fewer said their household income had increased substantially.

Read More

 

Related Stories

Market Data + Trends

Existing Home Sales Soared in 2020 Despite Record Low Inventory

Existing home sales hit a 14-year peak in December, with a seasonally adjusted annualized rate of 6.76 million units closed. If housing inventory…

Market Data + Trends

Not All Buyers Want More Space—Tiny Homes are Steadily Rising

Larger suburban homes are not the only housing type seeing an influx of interest during the pandemic. Tiny dwellings are popping up for sale or…

Market Data + Trends

Many New-Homes Can Be Just as Affordable Long-Term as Older Homes

Homeowners who may have a higher mortgage due to purchasing a new home still pay the same first-year costs of ownership as a homeowner of an older…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.