Huge Boost in Seller Confidence in the Housing Market

Huge Boost in Seller Confidence in the Housing Market and What It Means For You

According to the Fannie Mae Home Purchase Sentiment Index (HPSI), home sellers were even more confident in the housing market during the month of August. If you are considering putting your Ballantyne home for sale on the market, this may be the time to do it. Read this article to learn more about the huge boost in seller confidence in the housing market, as well as other important data that will help you make your major housing decisions.

Optimistic Home Sellers

The Home Purchase Sentiment Index put home sellers confidence at 88.0 in August. This is 1.2 percentage points higher than in July. In June, the HPSI posted at 88.3, which reflected another record high.

So how can you make certain that your house for sale in Ballantyne sells fast and for top dollar? Researching similar properties in your neighborhood and finding the right price point plays a large part. Trusted Homes By Cross real estate agents are experts at pricing and negotiation in Charlotte and surrounding neighborhoods.

Home Buyer Slump

Interestingly, home buyers who believe that now is a good time to buy fell five percentage points to 18 percent. Contrasting this, 36 percent of home sellers surveyed believe that now is a good time to sell. This is up 8 percentage points!

This odd contrast is due to home prices. Forty-eight percent of home buyers and home sellers expect home prices to rise. For those wanting to sell their house for sale in Ballantyne, this is good news. For the buyer, they worry that they are forking out too much cash.

Possible Outcome

If this large gap between house buyers and sellers continues, it could really weigh on the housing market through the rest of 2017. Perception is everything when it comes to making such a huge purchase.

What do you think of this huge boost in seller confidence in the housing market? We would love to hear thoughts from both home buyers and sellers! What gives you confidence in the housing market? What makes you weary?