Sellers Are Ready To Enter the Housing Market

<article class="post-2162 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2162"><span class="entry-date">May 19, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Sellers Are Ready To Enter the Housing Market</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Sellers+Are+Ready+To+Enter+the+Housing+Market&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fsellers-are-ready-to-enter-the-housing-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Sellers Are Ready To Enter the Housing Market | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163722/20210519-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163722/20210519-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163722/20210519-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.<span id="more-44398"></span></p>
<p>The <a href="https://www.fanniemae.com/media/39211/display">Home Purchase Sentiment Index</a> (HPSI) by <em>Fannie Mae</em> recently noted the percentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan<em>, Senior Vice President and Chief Economist</em> at <em>Fannie Mae</em>, <a href="https://www.fanniemae.com/research-and-insights/surveys/national-housing-survey">indicates</a>:</p>
<blockquote>
<p>“<strong>Consumer positivity regarding home-selling conditions nearly matched its all-time high.”</strong> (<em>See graph below</em>):</p>
</blockquote>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163720/20210519-MEM-Eng-1.png"><img alt="Sellers Are Ready To Enter the Housing Market | Simplifying The Market" class="aligncenter wp-image-44399" decoding="async" height="366" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163720/20210519-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163720/20210519-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/18163720/20210519-MEM-Eng-1-533×300.png 533w" width="650"/></a><em>Fannie Mae</em> isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, <em>Senior Economist</em> at <em>realtor.com</em>, <a href="https://www.realtor.com/research/video-weekly-economic-and-housing-market-update-apr-30-2021/">shares</a>:</p>
<blockquote>
<p><em>“The results of a realtor.com survey . . . showed that <strong>one-in-ten homeowners plans to sell this year, with 63 percent of those, looking to list in the next 6 months.</strong> Just as encouragingly, close to two-thirds of sellers plan to sell their homes at prices under $350,000, which would offer a tremendous boost to affordable housing for first-time buyers.”</em></p>
</blockquote>
<h3><strong>Bottom Line</strong></h3>
<p>If you’re considering selling your house, don’t wait for more competition to pop up in your neighborhood. Let’s connect today to explore the <a href="https://www.simplifyingthemarket.com/2021/03/08/5-reasons-to-sell-your-house-this-spring-2/?a=712984-fa409495d5d70154d03a25e81e9540e2">benefits</a> of selling your house now before more homes come to the market.</p>
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