"Despite the overall dip, more consumers said August was a better time to buy a home. Twenty-eight percent called it a good time to purchase up five percentage points from July while those saying it was a bad time fell to 72%. That shift pushed the net buyer sentiment up nine points. Seller optimism moved in the opposite direction. Fifty-eight percent of respondents said it was a good time to sell while 41% said it was a bad time."
"Mortgage rate sentiment was a rare bright spot. More respondents now expect rates to fall in the next 12 months than to rise the first time that has happened since January. Meanwhile, confidence in job security and household income softened. The share of employed respondents unconcerned about losing work dropped by five points to 45%, and only 17% reported that their income was higher than a year ago. Most (70%) said their earnings had stayed the same."
Buyer sentiment strengthened in August with 28% calling it a good time to purchase, up five points from July, and bad-time responses falling to 72%, lifting net buyer sentiment nine points. Seller optimism moved opposite, with 58% saying it was a good time to sell and 41% saying it was a bad time. Only 40% expect home prices to climb over the next year. Mortgage rate sentiment improved, as more respondents expect rates to fall in the next 12 months than to rise for the first time since January. Job security and household income confidence softened, with 45% unconcerned about job loss and 17% reporting higher income. Rent-price expectations moderated to a 4.9% projected increase, while home prices are expected to rise 1.4%. Sixty-eight percent would buy rather than rent if they moved, 55% view getting a mortgage as difficult, and one-third expect their personal finances to improve while 22% foresee them worsening.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]