Consumer Housing Outlook on the Rise
With the recent improvement in employment statistics, potential homebuyers are beginning to view the housing market with a more positive outlook.
As reported by Mortgage News Daily on Tuesday, average hourly earnings and personal income are on the rise, with nearly 28 percent of respondents in Fannie Mae’s May National Housing Survey reporting a significant increasing in their household income in the last months.
As a result, the number of respondents who feel it is now a good time to buy a home jumped to 66 percent this month, up from 63 percent in April. In addition, 49 percent believe it is a good time to sell, up from 46 percent last month.
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