Market Update

Good time to buy? Homebuyers grow weary of the housing market.

     
Good time to buy? Homebuyers grow weary of the housing market.

Homebuyers are feeling pretty discouraged by the housing market these days, according to HousingWire. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April. And those who believe it is a bad time to be a homebuyer increased to 56% from 48%.

 

“Consumers appear to be acutely aware of higher home prices and the low supply of homes, the two reasons cited most frequently for that particular sentiment,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.

Continue reading Good time to buy? Homebuyers grow weary of the housing market. at Movement Mortgage Blog.

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