{"id":12128,"date":"2017-09-12T13:14:42","date_gmt":"2017-09-12T13:14:42","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12128"},"modified":"2017-09-12T13:14:43","modified_gmt":"2017-09-12T13:14:43","slug":"sign-housing-inventory-coming","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/sign-housing-inventory-coming\/","title":{"rendered":"A Sign That More Housing Inventory Is Coming"},"content":{"rendered":"

A Sign That More Housing Inventory Is Coming<\/h1>\n
\"A<\/a>

A Sign That More Housing Inventory Is Coming<\/p><\/div>\n

Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae\u2019s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a good time to sell a home neared an all-time high. The index\u2014which is a measure of about 1,000 consumers\u2019 attitudes toward housing\u2014rose 1.2 points in August to a reading of 88, reflecting a year-over-year jump of 21 percentage points in the number of consumers who looked favorably on selling. The August reading is just shy of the index\u2019s record high of 88.3, set in July.<\/p>\n

Meanwhile, the number of consumers who say now is a good time to buy dropped 5 percentage points in August to a new survey low for the second consecutive month. The number of those who look favorably on buying is down 16 percentage points year over year, Fannie Mae reports.<\/p>\n

\u201cIn the early stages of the economic expansion, home selling sentiment trailed home buying sentiment by a significant margin. The reverse is true today,\u201d says Fannie Mae chief economist Doug Duncan. \u201cThe net \u2018good time to sell\u2019 share is now double the net \u2018good time to buy\u2019 share, with record-high percentages of consumers citing home prices as the primary reason for both perceptions. Such a sizable gap between selling and buying sentiment, if it persists, could weigh on the housing market through the rest of the year.\u201d<\/p>\n

Here are some additional findings from Fannie Mae\u2019s August sentiment index reading:<\/p>\n