Housing sentiment surges in March

Real Estate

Lower mortgage rates are likely behind a surge in housing sentiment, which could help rev up what started as a sluggish spring season.

A monthly survey from Fannie Mae showed that, in March, positive sentiment jumped to the highest level since June, which was just below the record high.

More consumers think now is a good time to buy and sell a home, and more expect interest rates to fall in the next year. The net share of those who say it is a good time to buy increased 7 percentage points to 22%, although this is 10 points lower than a year ago. The share of those who say now is a good time to sell a home increased 13 percentage points to 43%, up 4 points from a year ago.

Click here for more information: https://www.cnbc.com/2019/04/08/housing-sentiment-surges-in-march-and-sellers-are-the-most-optimistic.html