AgentIndustry News

Seller’s market sizzles this summer, according to Fannie Mae

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

An increase in housing supply in a seller’s market, combined with rising rental costs, are encouraging potential homebuyers to leave the sidelines, according to Fannie Mae’s monthly housing survey. The government-sponsored enterprise’s June 2015 National Housing Survey polled 1,000 Americans via live telephone interview between June 1 and June 23 to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances and overall consumer confidence. Fannie Mae asked participants more than 100 questions to track attitudinal shifts. According to the survey, 52 percent of respondents feel now is a good time to sell a home -- crossing the 50-percent threshold for the first time in the survey’s history. Last month, 49 percent of respondents expressed that sentiment. Respondents’ average 12-month home price change expectation fell to 2.6 percent, and the share of respondents who believe home pr...