Wednesday, June 12, 2013

Inventory on the Rise as Sellers Gain Confidence

Inventory on the Rise as Sellers Gain Confidence
Forty percent of Americans say now is a good time to sell a home -- up from 30 percent last month and 16 percent just one year ago, according to a new survey by Fannie Mae. Rising home prices are helping to boost sellers’ confidence. 
'Sentiment toward selling a home appears to be catching up with the strengthening housing market,' says Doug Duncan, chief economist at Fannie Mae. “This jump may foreshadow a gradual return to more normal levels of housing supply from their lows of recent months. In turn, increased housing supply could serve to temper increasing consumer home price expectations.”

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