According to a National Housing Survey conducted by Fannie Mae, more Americans are coming to the conclusion that the housing market is stabilizing and that now would be a good time to sell their homes.
A total of 26 percent of 1,004 people surveyed answered that they think market conditions are right to sell their homes now. This is double the percentage recorded a year prior from survey respondents who were asked the same question. To coincide with that, 73 percent of the population surveyed stated that this would be a good time to purchase a home. Nearly half of the respondents expected home prices to increase over the next year, the highest rate recorded for this measure since the survey began in 2010.
In addition, the market for second homes has expanded, with vacation home sales rising throughout 2012. Year-over-year statistics showed a 10.1 percent increase in vacation home sales from 2011 to 2012. Among these, 45 percent of the homes purchased were in the South, and 35 percent of the homes were distressed.