Housing sentiment surges in March, and sellers are the most optimistic
Lower mortgage rates are likely behind a huge surge in housing sentiment, which could help rev up what started as a sluggish spring season.
A monthly survey from Fannie Mae showed that, in March, sentiment jumped to the highest level since June 2018, which was just below the record high.
More consumers think it is now a good time to both buy and sell a home, and more expect interest rates to fall in the next year. Specifically, the net share of those who say it is a good time to buy increased 7 percentage points to 22%, although this is 10 percentage points lower than a year ago. The share of those who say now is a good time to sell a home increased 13 percentage points to 43%, up 4 percentage points from a year ago.
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Source: CNBC - Diana Olick