Buyers Arent Taking Advantage Of Favorable Market

Dated: 11/16/2019

Views: 73

https://magazine.realtor/daily-news/2019/09/10/buyers-aren-t-taking-advantage-of-favorable-market?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29


As home buyers become more fearful about the strength of the economy, they are treading cautiously in the housing market. Many would-be buyers are putting their home searches on hold and waiting to see if recession becomes reality. In the short term, that dynamic is helping to cool buyer competition—and buyers who act now to purchase may find themselves in a more powerful negotiating position.

Consumer sentiment about the national real estate market improved in August, mostly due to a large share of Americans who think mortgage rates will continue to fall, according to Fannie Mae’s most recent housing index. But fewer buyers say they think now is a good time to buy, and fewer homeowners say they think it’s a good time to sell. “Unfortunately, much of the lower interest rate environment can be attributed to global economic uncertainties, which appear to have dampened consumer sentiment regarding the direction of the economy,” says Doug Duncan, chief economist at Fannie Mae. “We do expect housing market activity to remain relatively stable, and the favorable rate environment should continue supporting increased refinance activity.”



Vivienne Cunningham

321-231-8487

Preferred Real Estate Brokers

Image title

Want to Advertise on this Site?

Latest Blog Posts

Do You Have An Entrepreneurial Mindset What Are You Waiting On

Entrepreneur Magazine how many of these entrepreneurial characteristics you have You take action. NOW is “invent as you go.” Forget about over-analyzing and take action, she recommends.

Read More

THE MOST DIFFICULT STEPS OF THE HOME BUYING PROCESS

Buying a home isn't easy. I can help you avoid unnecessary stress and navigate the home buying process! Message me to get started. #homeTHE OFFER:You found your dream home. You’re tingling with

Read More

Downsizers Reveal Their Biggest Regrets

https://magazine.realtor/daily-news/2020/01/13/downsizers-reveal-their-biggest-regrets?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News

Read More

Find Your Niche

Helping Agents Find Their Niche Have you Taught about A Mentor!By focusing on one segment of the market, whether it be property type or clientele, real estate professionals can hone their skills to

Read More