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Pessimism about housing market grew for buyers and sellers in July

Pessimism about housing market grew for buyers and sellers in July
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Sellers Absolutely Have The Upper Hand In This Housing Market: Survey


Inman Connect
Americans think it’s a much better time to be selling a home than trying to buy one, but don’t expect that sentiment to translate into a flood of listings anytime soon.
That’s the takeaway from Fannie Mae’s latest survey of home purchase sentiment, which found that more people thought April was a bad time to buy a home than a good time the first time that’s happened in the 10 years the survey’s been conducted.
The monthly survey of approximately 1,000 homeowners and renters also found most Americans expect mortgage rates will increase in the next 12 months, and that nearly half expect home prices will continue to rise. A  sizeable majority of Americans aren’t concerned about losing their jobs, however a positive for homebuying demand. ....

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