Consumer Attitudes Toward Home Selling Stumbled in July

August 10, 2015

Results from Fannie Mae’s July 2015 National Housing Survey revealed that Americans’ “attitudes toward the home selling environment stumbled last month despite positive home price change expectations.”

The share of survey respondents that think now is a good time to sell their home fell 7 percentage points to 45 percent, and those who believe it is a good time to buy dropped to 61 percent, which Fannie Mae calls “an all-time survey low.”

“Still, it is premature to read too much into this month’s results as the survey was taken around the time of increased global turmoil, including Greece’s potential default and China’s stock market plunge, which has receded somewhat,” said Doug Duncan, senior vice president and chief economist at Fannie Mae, in a press release. “Most of our key indicators are as strong or stronger than they were at this time last year, which is indicative of an improving housing market this year.”

Read more