Friday, September 29, 2017

Consumers Not Feeling Housing Funk; Credit Standards and Competition; Prices Stabilize

Home sales might be a bit disappointing, but the National Association of Realtors® (NAR) says consumer attitudes about the economy are not the reason why . NAR's third quarter Housing Opportunities and Market Experience (HOME) survey found increasing confidence among respondents about the direction of the national economy and their own finances. There were also more responses that it was a good time to sell a house, and among renters, that it is a good time to buy. With home prices appreciating rapidly, it is no surprise that the share of homeowners that believe now is a good time to sell is moving higher. A survey high 80 percent of homeowners said this is now a good time to list their home for sale, up from a second quarter total of 75 percent, and 13 percentage points above such responses

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/25/3007

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