Compare Listings

Is Now a Good Time to Purchase For Home Buyers

Is Now a Good Time to Purchase For Home Buyers

 

 

Confidence in housing jumped in March in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with the HPSI overall posting 88.3, 2.5 percentage points higher than one month prior and 3.8 percentage points higher than one year prior.

The boost was fueled by homebuyers preparing for real estate season this spring, says Doug Duncan, chief economist and senior vice president at Fannie Mae. The amount of buyers who believe now is a good time to purchase leapt to 32 percent—a 10-percentage point surge.

“The HPSI’s recent run of volatility continued in March, as it recovered last month’s loss and remained within the five-point range of the past 12 months,” Duncan says. “The primary driver of this month’s increase was the sizable rise in the net share of consumers who think it’s a good time to buy a home, which returned the indicator to its year-ago level. On the whole, a slight majority of consumers continue to express optimism regarding the overall direction of the economy.”

Home prices on the rise

The amount of homeowners who believe now is a good time to sell shimmied up, as well, three percentage points to 39 percent. Across consumers, 42 percent believe home prices will rise, down three percentage points from one month prior.

The HPSI is derived from Fannie Mae’s National Housing Survey® (NHS).

Source: Fannie Mae

 
Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

JD PDX Real Estate

About the author

My philosophy is simple: clients come first. I pledge to be in constant communication with my clients, keeping them fully informed throughout the entire buying or selling process. I believe that if you’re not left with an amazing experience, I haven’t done my job. I don’t measure success through achievements or awards but through the satisfaction and repeat/referral business of my clients and becoming your top realtor choice when it comes to buying or selling real estate.Having spent most of my life in Portland living in Northeast, Southeast, Bethany, Hillsboro, Beaverton, downtown and St. Johns, I’m very knowledgeable of the many different neighborhoods and surrounding areas our city has to offer.

img

Jamohl DeWald

If you're going to pay a mortgage it may as well be your own! I'm here to serve you, not sell you. One of my greatest joys as a real estate professional is handing over the keys of ownership to a first-time home buyer. As an experienced agent, I understand that preparation is important to avoid missteps with that first home purchase. I’m here to help with navigating the waters of those potential missteps.

Related posts

Things All Homebuyers Absolutely Need To Know About The Market

To help prepare you for home hunting success here are some important things home buyers should know about the market before visiting their first open house.

Continue reading
Jamohl DeWald
by Jamohl DeWald

How To Successfully Invest In Real Estate

If you've been thinking about investing in real estate, here's what you need to do to save you from money headaches before heading out to property shop.

Continue reading
Jamohl DeWald
by Jamohl DeWald

2018 Profile Of Home Buyers And Sellers

Ninety-one percent of home sellers worked with a real estate agent to sell their home. Eighty-seven percent of buyers recently purchased their home through a real estate agent or broker.

Continue reading
Jamohl DeWald
by Jamohl DeWald

Leave a Reply

1st Time Home Buyer Specialist