Homes.com recently released the Local Market Index and Rebound Reports indicating that the housing market is steadily recovering from the effects of the great recession. Additionally, the National Association of Realtors® reported that the U.S. housing market is ‘solidly recovering.’ As home price gains momentum, more homeowners are becoming increasingly comfortable with bringing their homes to the market. But will an increase in the nation’s housing supply cause these gains be short-lived?
According to an annual survey from Fannie Mae, American confidence in the ability to buy and sell a home ascended sharply due to recent strong home price gains. In fact, the share of respondents who say now is a good time to sell a home reached a record high of 40 percent, compared to 30 percent in April and 16 percent one year ago. Continue reading