Login | Sign Up |

Logo

MENU
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • Sold Listings
    • How We Market Your Property
  • Neighborhoods
  • About
    • Meet Our Team
  • Testimonials
  • Contact
  • Our Blog
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • Sold Listings
    • How We Market Your Property
  • Neighborhoods
  • About
    • Meet Our Team
  • Testimonials
  • Contact
  • Our Blog

Americans’ Optimism About Housing Hits New High

Americans’ Optimism About Housing Hits New High

May 24th, 2018

In case you (somehow?) haven’t heard – the housing market is doing well. Apparently most of us have heard, and enough people are feeling good about real estate’s near term outlook that the national Home Purchase Sentiment Index (HPSI) has hit a new all time high.

Like many other economic indexes, the HPSI takes survey information about both homeowners’ and renters’ feelings on home purchases and expectations about the housing market over the next 12 months, and converts it into a number that can be compared over time to track how we’re all feeling about real estate. Long story short – unless you’re really into economic indicators and indexes, what really matters is that consumer sentiment for home buying hitting record highs is great news for the market, and should continue to drive the price gains we’re seeing.

There was a particularly strong increase in people who feel now is a good time to sell a home, as well as those who feel that home prices will go up over the next 12 months. (Not much of a surprise there.) These sentiments are combined with a low expectation of mortgage rate decline in the next year, and a strong expectation of rents increasing. Couple these factors with an increase in the number of Americans expressing higher job security, and together, all the data leads to people feeling like it is a good time to be, or become, a homeowner!

The only downside to this information, if there is one, is that despite the upward trend in “good time to sell” sentiment, the market has yet to see enough results of that in terms of release of inventory for sale. We definitely need to see the home builders continue to build to catch up with demand, but it would be good to see more existing homes hit the market as well, as homeowners decide to list.

How do you feel about the near future of the housing market? Looking for our expert advice on taking advantage of the current conditions? Contact us today for all your real estate needs!

Share on:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post:
How To Price A Property
Next Post:
With Homebuyers Facing Challenges, Where Will Prices Go?
Intrepid Real Estate
Intrepid Real Estate
(760) 650-2156
Liz@intrepidsd.com
CADRE# 01935929
Recent Posts
  • Budget Consideration
  • Expert Negotiators
  • The Closing Process
  • Adventure Awaits
  • Exploring for your Home
Categories
  • Real Estate News
  • Social Media Posts
  • Uncategorized
Recent Comments

    Featured Listings

    Disclaimer

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 Sandicor®, Inc

    Questions? Ask Here!

    © 2021 Intrepid Real Estate, (760) 650-2156, 01963466, Intrepid Real Estate, 1734 Mount Way Vista, CA 92081, 01935929
    Websites for REALTORS