why BUYERS ARE MAD at the market

Today’s home-sellers are happier than ever, but buyers are starting to get downright frustrated with the housing market these days. According to Fannie Mae, homeowners are still delightedly reporting that in their opinions, now is the best time in a long time to sell. However, buyers are showing a distinct disconnect with that sentiment, with only about one in three (an all-time survey low) saying that it’s a good time to be on the buying end of a deal. “Tight housing supply has led to renewed strength in home price appreciation, making selling a home a more attractive prospect this year in particular,” said Fannie Mae chief economist Doug Duncan. He added that more consumers than ever expect home prices to keep rising over the next 12 months, which could easily explain the disconnect in sentiment between buyers and sellers.

According to Fannie Mae’s latest Home Purchase Sentiment Index, fewer than one in three Americans believes that now is a good time to buy. On the other hand, about one in every six believe it is a good time to sell, a survey all-time high. Just over one in every ten respondents reported that their income is rising, which is likely contributing to the frustration on the part of buyers who may feel that while they were saving up down payments and waiting on raises, the buyers’ market left them behind.

Do you think that it’s a good time to buy real estate?

Thank you for reading the Bryan Ellis Investing Letter!

Your comments and questions are welcomed below.

About the Author (Author Profile)

Carole Ellis is editor in chief of the Bryan Ellis Investing Letter. Under Carole’s leadership, the Bryan Ellis Investing Letter has grown to over 700,000 subscribers, making it one of the largest real estate newsletters in the world. Each day, Carole directly impacts the daily thinking and conversations of real estate investors worldwide by providing thought-provoking analysis and commentary on news topics relevant to serious real estate investors.

Carole has a strong background in research and in the management of respected publications. She holds a degree in English Literature from the University of Georgia, and has substantial research experience in plant biology. She is the former editor of and writer for the University of Georgia’s Research Magazine. She’s also the author of hundreds of articles and multiple books and home study courses published under the names of her clients, many of whom are well known, highly respected real estate entrepreneurs as well.

Carole makes her home in Kennesaw, Georgia with her husband Bryan and 4 children.

Comments (1)

Trackback URL | Comments RSS Feed

  1. Hi Carole, I enjoy reading your stories. Where is this housing shortage? It sure isn’t in my town of Peoria IL. Plenty of houses here for sale. They are priced way below what I see on every HGTV flipping show…. where people are buying small crappy houses for $300,000 putting another $100,000 in them and selling them for $500,000. Seems like insanity. -Dan S.

Leave a Reply

Category: Real Estate