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Housing Market Confidence Jumps

The number of homebuyers who believe that now is a good time to sell a home is increasing, according to new information from a Fannie Mae survey. Mortgages are also considered much easier to get at present when compared to recent years. Fannie Mae’s Nation Housing Survey states that the number of participants who consider now a good time to sell a home jumped to 38% last month, and 52% of participants think it is easier to get a mortgage. The senior vice president and chief economist at Fannie Mae, Doug Duncan said, “we see several positive signs going into this year’s spring home buying season, compared with last year. For example, consumers are less pessimistic about their personal finances, and more optimistic about the current selling environment and their ability to get a mortgage.” More here

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