Thursday, June 20, 2013

Fannie Mae survey: 40 percent say it’s time to sell home

The number of Puget Sound area closed single-family home and condominium sales rose 15 percent in 2012 over the prior year, according to the Northwest Multiple Listing Service.

More Americans say now is a better time to sell a home than any period in the past three years, marking a rise in confidence that could lead to more sellers and, eventually, smaller home price gains, reports USA Today.
The paper reports that in May, 40 percent of Americans said it was a good time to sell a home, up from 30 percent in April and 16 percent a year before, according to a survey from mortgage giant Fannie Mae.
USA Today says the jump may foreshadow a lessening of the inventory crunch of homes for sale that has fueled rapid home price gains in many markets.

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