More homeowners Considering Selling this Year !

According to Fannie Mae Homeowners are ready to sell!

SURVEY HIGHLIGHTS

Homeownership and Renting

The average 12-month home price change expectation fell to 2.6 percent.
The share of respondents who say home prices will go up in the next 12 months fell to 47 percent. The share who say home prices will go down rose to 7 percent.
The share of respondents who say mortgage rates will go up in the next 12 months rose 3 percentage points to 50 percent.
Those who say it is a good time to buy a house fell to 63 percent – tying a survey low – while those who say it is a good time to sell rose to 52 percent – a new survey high.
The average 12-month rental price change expectation fell to 4.2 percent.
The percentage of respondents who expect home rental prices to go up rose to 59 percent – a new survey high.
Those who think it would be easy to get a home mortgage remained at 50 percent, while those who think it would be difficult remained at 46 percent.
The share who say they would buy if they were going to move fell 2 percentage points to 64 percent, while the share who would rent increased to 30 percent.

The Economy and Household Finances

The share of respondents who say the economy is on the right track increased by 1 percentage point to 39 percent, while those who say the economy is on the wrong track fell by 1 percentage point to 51 percent.
The percentage of respondents who expect their personal financial situation to get worse over the next 12 months fell back to 10 percent – tying a survey low.
The share of respondents who say their household income is significantly higher than it was 12 months ago fell 1 percentage point to 27 percent.
The percentage of respondents say their household expenses are significantly higher than they were 12 months ago remained at 31 percent.