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.