Optimism Spikes: Buyers and Sellers and the Real estate Market
What two things have helped buyers and sellers have a bit more pep in their step when it comes to the world of real estate?
Vaccines & stimulus checks.
Fannie Mae’s Senior Vice President and Chief Economist, Doug Duncan, explains, “The significant increase in the HPSI (Home Purchase Sentiment Index) in March reflects consumer optimism toward the housing market and larger economy as vaccinations continue to roll out, a third round of stimulus checks was distributed, and the spring home buying season began – perhaps with even more intensity this year, since 2020’s spring home buying season was limited by virus-related lock downs.”
Fannie Mae’s current HPSI’s stats are below:
- 61% of consumers believe it’s a good time to sell – up 55% in February
- 53% of consumers believe it’s a good time to buy – up 48% in February
It should be noted, however, that optimism on buying is lower than selling – most note the rising home prices and lack of housing supply as the main problem.
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