Even Two-Income Families Find It Harder to Buy a Home
In it, Fannie Mae says 38% of American homeowners call this a "good time" to sell a home, compared with just 26% at the same time last year.
Buyers are more optimistic, too, with 52% saying it's "easier" to get a mortgage these days, compared with 47% last year.
That's good news for a real estate market that could use it, especially as the all-important spring selling season opens."The housing recovery continues to proceed in fits and starts," says Doug Duncan, chief economist at Fannie Mae. "Rising mortgage rates and a lack of supply have dampened housing market momentum." data from Redfin, a real estate brokerage firm, shows that most families with two middle-class incomes still can't afford to buy a home (at median sales prices) in many U.S. metropolitan centers.
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