In June, a survey taken by the National Association of Realtors revealed that more Americans believe that now is a good time to sell a home.
Majority of people believe that now is a good time to sell because home prices have increased moderately. “With home price appreciation slowing, home sellers understand that the days of large price gains from holding an extra year are over,” said Lawrence Yun.
“An increased number of Americans also think that now is a good time to buy a home, and of those respondents, 38% answered that they strongly believe that notion, and 27% said they moderately believe the present is a good time to buy. Thirty-five percent disagreed, stating that now is not a good time to make a home purchase, which is unchanged from 2019’s first quarter.” (nar.realtor.com)
“Fifty-five percent of those polled said that the economy is improving; that is up from 53% in the previous quarter. Second quarter optimism was greatest among those who earn $100,000 or more and those who reside in rural areas. Fifty-three percent of Gen Xers said they believe the economy is improving, which is also up from 50% last quarter.” (nar.realtor.com)
Generation X is stressed from feeling as if they have to purchase multi-generational homes. In fact, they may even feel financially stressed from caring for aging parents. They are also staying optimistic about the future even with all the stress.
“Among those surveyed who do not currently own a home, 27% said they believe it would be very difficult to qualify for a mortgage due to their financial state; 30% said it would be somewhat difficult to qualify.” (nar.realtor.com)