Seller optimism reaches a record high
Consumer sentiment about the housing market zoomed to a record high in June, with seller optimism making up most of the uptick, according to Fannie Mae’s Home Purchase Sentiment Index. The index rose 2.1 percentage points last month to an 88.3 reading, which matches a record high in February.
The number of consumers who say now is a good time to sell a home reached a record high in June, rising 7 percentage points from the previous month. Researchers note that a strong seller’s market is emerging, as the margin of those who expressed optimism in selling grew wider than for those who expressed optimism in buying, according to the survey.