Home Selling Sentiment At Record High

 

 

Home Selling Sentiment at Record High

 

Consumer attitudes toward both buying and selling improved in October, although the number who feel it is a good time to buy a home remains at record lows.

 

This is 3 percentage points higher than in the September survey, but 60 points lower than a year ago.

 

Asked the same question about selling a home, 77 percent said it was a good time, a 60 percent net.

 

While homebuying and home-selling sentiment remain at historically low and high levels, respectively, more consumers now expect that their personal financial situation will not improve over the next 12 months.

 

Duncan continued: "In October, consumers also reported greater concern about the direction of the economy, with 'right track' sentiment reaching its lowest level since October 2013.