If you’re thinking about buying or selling a house, then you’re probably feeling pretty good about it.
Findings from a new report show consumer attitudes toward both buying and selling real estate are at all-time highs.
According to Fannie Mae’s Home Purchase Sentiment Index, 65% of consumers also feel the economy is on a good track forward.
The housing index also asked people how they felt about whether now is a good time to buy a home, if they thought prices were heading upward and about their current employment and upward mobility opportunities. Generally, folks are upbeat about the direction of the housing and overall economy.
While interest rates remain low, fewer people think that rates will go any lower. About 5% of the respondent said they do not expect any relief from the already-low mortgage rates.
Another not-so-positive finding in the report is how people felt about their household income. Only about 11% of those who responded said their income increased over the last year.
More than a year after the real estate market shocked the world amid the pandemic, homebuying remains a top priority for many families. Homebuying and home-selling sentiment remain above the norm. Consumer confidence has room to grow, but many individuals are unsure about their prospects in the coming months and year.
Consumer sentiment might also be dragged down by recent developments to the supply chain.
Even so, consumers are lured by the current market conditions. Demand is still king and is a driving force behind real estate activity and rising home prices.
Despite the hint of financial uncertainty, folks are unperturbed and resolved to reach their financial goals, whether it’s selling or buying a home.
Our team of real estate professionals can help you forge ahead and conquer today’s real estate market. If you’re selling a home, let our real estate team assist you in your transition toward buying a new one. Things can get complicated, but our experts can multitask and get you to where you want to go in the timing of your choosing.
So, if you’re ready to leave a mark in today’s market, our team will prepare the mortgage loan program that gets you from Point A to Point B worry-free.