Housing sentiment matches previous high
Americans are more confident about housing in June as sentiment levels returned to the previous high.
The Fannie Mae Home Purchase Sentiment index increased 2.1 percentage points to 88.3 in June, matching the all-time high set in February.
Doug Duncan, Fannie Mae senior vice president and chief economist. “Consumers are also growing more optimistic about their ability to get a mortgage, and lenders expect credit standards to ease further going forward, as shown in our Mortgage Lender Sentiment Survey.”
The number of Americans who said now is a good time to sell hit a new record high for the second consecutive month as it increased seven percentage points to 39%. This outpaced the three percentage-point increase of those who said now is a good time to buy, which increased to 30%.