As part of Fannie Mae’s Home Purchase Sentiment Index, people were asked their reasons for now being a great time to enter the real estate market.
Favorable interest rates was the most frequent response in the December survey measuring consumer sentiment about buying and selling a home. Overall, the index rose by 8.2 percent in December of 2019 compared to the previous year. It showed positive growth in categories affecting both potential home buyers and sellers.
“Good time to buy” and “good time to sell” sentiments grew a net of 16 and 7 points. Survey respondents also felt less positive about home availability, as ample supply of homes for sale was the least brought up response.
Fannie Mae is forecasting a healthy housing market and sustained consumer strength in 2020.
If you are deciding on entering the Seattle/Tacoma/Renton real estate markets, an FHA or VA loan may make your dream of homeownership a reality.
FHA loans are specifically designed to help borrowers get into homes. This is accomplished through less stringent qualifying guidelines, giving you and your family an upper hand in a competitive and active market.
If you’re worried about a down payment, the FHA loan has got you covered. FHA borrowers enjoy a low down payment requirement.
Much like the FHA loan, a VA loan is flexible and lenient in its qualifying guidelines. Borrowers will be pleased to know that mortgage insurance is not required and 100 percent financing is available.
Please contact us today to learn more about this exciting time in the market and how you can be a part of it.