77% of Americans agree it’s a good time to sell
Escalating home prices in the past few years have made many homeowners hesitant to sell, fearing they won’t be able to afford their next house. However, optimism may be on the rise.
A record-high 77 percent of Americans indicated that they believe now is a good time to sell, according to the third-quarter Housing Opportunities and Market Experience (HOME) survey. The National Association of Realtors® (NAR) says the rising confidence indicates a “healthy shift” in the market.
The HOME survey also asked homeowners and renters about considerations when choosing a new neighborhood. Approximately 70 percent of respondents said highly rated schools are “very” or “somewhat” important in choosing a home.
Two other key factors in neighborhood preference are its proximity to where friends and family live and its proximity to jobs with a short commute.
“When you buy a home, you do not just buy the house; you buy a community – neighbors, parks, stores, and schools,” NAR President Elizabeth Mendenhall says. “Realtors® understand the unique qualities of the neighborhoods in their area and can help individual families find and purchase the right home in the right neighborhood.”
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