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Homebuying Sentiment Turns Negative Despite Economic Improvement; Heavy Debt Supply Weighs on Rates

Homebuying Sentiment Turns Negative Despite Economic Improvement; Heavy Debt Supply Weighs on Rates

Fannie Mae has conducted the National Housing Survey every month since 2011. Among its most prominent questions are those relating to home buying and home selling: is it a good or a bad time to do either one? Last month the net positive responses for the good time to buy category fell into negative territory for the first time. The good time to sell question had plunged into seriously negative territory (-36 percent) in the spring of last year as the pandemic hit, but this time it remained well above water. Sixty-seven percent of respondents viewed this as a good time to sell versus 26 percent who did not, a net positive of 41 percent, an 8 point gain from March and up 77 points from the disastrous results during the lockdown. However, only 47 percent of respondents thought it was a good time
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