Housing Confidence Hits All-Time High (And What This Means For Sellers)

Feeling pretty confident in the housing market? You’re not alone.

Fannie Mae’s Home Purchase Sentiment Index (HPSI), which draws from their National Housing Survey data to assign a number to consumer’s home purchase sentiment, rose 3.4 points in April 2018 to 91.7—up 5 points from April 2017 and an all-time high for the survey.

The survey saw five out of six HPSI components rise in April, with an especially strong increase in people reporting that now is a good time to sell (up 6% from March). Other factors that play into consumer confidence in the housing market include the share of Americans who report not being concerned about losing their jobs (76%, an increase of 5% over March) and people reporting a significant higher household income over the previous year (18%, up 1% over March).

The Takeaway

You’re not likely to find more confidence in the market then we’re experiencing at this moment in history. So if you’ve been thinking about making a move to buy or sell, now’s the time.


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