As the New Year approaches, many people set resolutions to achieve major life goals—and buying…
Consumers, especially renters, are feeling much better about buying a home
Now is an excellent time to purchase a home with low interest rates too. Contact us at 949-415-4101 or jrod@ifminc.com, we are always happy to help!
After plunging to nearly the lowest level in its history in April, an index measuring consumer sentiment in the housing market bounced back significantly in June. Renters were especially optimistic about home buying. The share of consumers who think it’s a good time to buy a home increased from 52% to 61% month to month, according to the Fannie Mae survey, while fewer Americans said it was a bad time to buy. Renters drove much of that improvement.
“The share of renters who say it’s a good time to buy a home is now at its highest level in five years, suggesting favorable conditions for first-time home buying, consistent with the recent rebound in home purchase activity,” said Doug Duncan, Fannie Mae senior vice president and chief economist.
Read the complete CNBC News article here.