HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who say it’s a good time to sell marked the highest increase in the survey’s three-year history, says, “This jump may foreshadow a gradual return to more normal levels of housing supply from their lows of recent months. In turn, increased housing supply could serve to temper increasing consumer home price expectations.” Forty-six percent say mortgage rates will rise, while 48 percent say rental rates will increase in the next six months. Meanwhile, as MHProNews has learned, 50 percent think it would be difficult for them to obtain a mortgage.
