The gap between Americans who think it is a good time to buy a house and those who feel it is a good time to sell narrowed by six percentage points in July.
Mortgage News Daily says this could indicate a better balance between supply and demand, as stated by Fannie Mae.
Of respondents participating in the company’s National Housing Survey, 67 percent thought it was a good time to buy, down from 70 percent in June, while those viewing it as a good time to sell rose from 40 to 43 percent.
In addition, the share of consumers who say their home has increased in value since they bought it rose to an all-time survey high, which suggests a long-term positive trend for household balance sheets that may encourage more potential buyers and sellers to enter the market.
Americans’ attitudes toward the housing market remain mixed, Fannie Mae said.
