{"id":1669,"date":"2024-03-08T17:35:11","date_gmt":"2024-03-08T17:35:11","guid":{"rendered":"http:\/\/demo.goodlayers.com\/infinite\/?p=1669"},"modified":"2024-03-08T17:35:12","modified_gmt":"2024-03-08T17:35:12","slug":"pityful-a-rethoric-question-ran","status":"publish","type":"post","link":"https:\/\/www.goldenpere.com.ng\/?p=1669","title":{"rendered":"Sellers are the only ones happy in today\u2019s housing market, Fannie Mae survey finds"},"content":{"rendered":"

Americans haven\u2019t felt this optimistic about the housing market in nearly two years, but it\u2019s home sellers who have anything to be happy about.<\/p>\n

Fannie Mae\u2019s gauge on\u00a0housing sentiment<\/a>\u00a0increased slightly in February, marking the third consecutive month of improved confidence and the highest level since March 2022. The boost was driven by increased optimism among home sellers as market conditions continued to tip in their favor.<\/p>\n

In fact, some 65% of consumers surveyed by Fannie Mae said it was a good time to sell, up from 60% in January. But that was countered by would-be buyers, who remain extremely pessimistic, with just 17% saying it was a good time to buy.<\/p>\n

While would-be buyers remain in low spirits due to woefully low inventory levels and climbing borrowing costs, the uptick in seller confidence could be a sign of more inventory popping up come spring.<\/p>\n

\u201cSome home sellers will begin to list properties when mortgage rates come down,\u201d Lawrence Yun, chief economist at the National Association of Realtors, told reporters last month. \u201cBut we are not yet out of the woods.\u201d<\/p>\n

Read more:\u00a0<\/em>Mortgage rates hover around 7% \u2014 is this a good time to buy a house?<\/em><\/a><\/p>\n

\n
\n
\n
\"A<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>
A couple walks past a real estate agent’s window advertising houses for sale. (Credit: William West, AFP via Getty Images)\u00a0(WILLIAM WEST via Getty Images)<\/span><\/figcaption><\/figure>\n

Climbing rates subdue buyer confidence<\/strong><\/h2>\n

Would-be buyers just can\u2019t shake off the burden of climbing borrowing costs, and it\u2019s curbing their confidence.<\/p>\n

After falling more than a full point from October\u2019s peak, rates kicked off the year at a low of 6.62% \u2014 but the dip didn\u2019t last. The popular 30-year fixed rate rebounded to 6.94% by the end of February, according to Freddie Mac.<\/p>\n

And there\u2019s no telling if rates will climb further in the weeks to come.<\/p>\n

The national median list price also increased seasonally to $415,000 in February, up from $409,500 the month prior. According to\u00a0Realtor.com<\/a>, that uptick, in tandem with higher mortgage rates, increased the required annual household income to purchase an average home by $4,400 to $86,100 \u2014 before taxes and insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"

A couple walks past a real estate agent’s window advertising houses for sale. (Credit: William West, AFP via Getty Images)\u00a0(WILLIAM WEST via Getty Images)<\/p>\n","protected":false},"author":1,"featured_media":2457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,7],"class_list":["post-1669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-masonry","tag-article","tag-constructions"],"_links":{"self":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1669"}],"version-history":[{"count":2,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1669\/revisions"}],"predecessor-version":[{"id":4009,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1669\/revisions\/4009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/media\/2457"}],"wp:attachment":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}