Hardware Retailing The Industry's Source for Insights and Information
A combination of rising home prices, higher mortgage rates and general economic concerns seem to be restraining Americans from taking part in the spring and summer home-buying season.
In May, 68% of Americans thought it was a good time to buy a home, while 43% thought it was a good time to sell, according to survey results released by mortgage giant Fannie Mae. That net 25% advantage in favor of home buying was the lowest it’s been since at least June 2010, the earliest month for which Fannie has data.
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