‘Consumers on both sides of the transaction appear to be feeling cautious about the housing market’: Fannie Mae

Home sellers are worried about the housing market, while many respondents feel concerned about their job security, according to a new report by Fannie Mae.Home sellers are worried about the housing market, while many respondents feel concerned about their job security, according to a new report by Fannie Mae.

Overall, 44% of consumers said it was a bad time to sell a home, which is up from 39% the previous month. A rising share of respondents surveyed by Fannie Mae said that they were concerned about losing their job in the next 12 months, that share rising from 18% in January to 24% in February. He expects home sales to be “subdued” in the coming months. Sales of existing homes have fallen for 12 months in a row, per the National Realtors Association. Existing homes make up the bulk of the real-estate market.

I don’t understand this economy - Can’t buy a house but can buy a auto & make a $1,000.00 Six year payment - Ford truck sales are up by 22% - Try to buy one under $68,000.00 - Restaurants sales are up by 7% - Cruise Lines & Hotel reservations are up - makes no sense

10% interest rate coming

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