The number of home buyers who say now is a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now is a good time to sell soared to an all-time survey high.
Some highlights from Fannie Mae’s latest Home Purchase Sentiment Index:
- 30% of Americans say now is a good time to purchase a home, a drop of 3 percentage points from the previous month and now at an all-time survey low.
- 15% of Americans say now is a good time to sell a home, now at an all-time survey high.
- More consumers think home prices will rise over the next 12 months compared to March, and slightly fewer consumers also expect mortgage rates to go up over the next year.
- The percentage of respondents who say they are not concerned with losing their job increased 6 percentage points to 74%, nearly a 7 percentage point decrease in March.
- The percentage of respondents who say their household income is higher than it was 12 months ago held at 11%.
Source: Fannie Mae