Every month Fannie Mae surveys consumers about owning and renting a home as well as about other issues related to the housing market and economy and from the results publish their Home Purchase Sentiment Index® (HPSI). One of the components of the index is what the sentiment is on whether now is a good time to buy a home or sell a home. In the April 2021 HPSI consumers sentiment on now being a good time to buy a home hit an all-time low with just 47% of respondents saying now is a good time to buy a home. As the charts below illustrate, 67% of respondents saiid now was a good time to sell a home which is just one percentage point away from the record high of 68% back in April 2018.
It’s not surpassing that if a near record number of people think now is a good time to sell that the sentiment on the buyer’s side would be the opposite as having a truly balanced market not favoring buyers or sellers is hard. In fact, the last time it was even close to balanced was in the latter part of 2012 and the early part of 2013 when roughly 45% – 55% of consumers felt it was both a good time to buy as well as sell a home.
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Respondents Who Say Now is a Good Time To Buy
Source: Fannie Mae HPSI – April 2021
Respondents Who Say Now is a Good Time To Sell
Source: Fannie Mae HPSI – April 2021
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