Home sellers are suddenly much more optimistic – and you can thank lower mortgage rates

div > div.group > p:first-child"> A monthly survey from Fannie Mae showed that, in March, sentiment jumped to the highest level since June 2018, which was just below the record high.

Continuing a five-month trend, the share of consumers who believe mortgage rates will go down increased 7 percentage points, as rates dropped sharply in March. The average rate on the 30-year fixed mortgage jumped over 5% at the start of November, after moving slowly higher last summer. It then began falling again in December but took a deep dive in the middle of March. It has moved slightly higher since then but is still below where it was at this time a year ago.

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As pricey homes hit market, median list price for a house reaches record $300,000The median asking price for a U.S. home hit $300,000 for the first time on record, according to March housing data from Realtor.com. They can have it. I will be renting an apartment. No property taxes , no structural maintenance , ability to get away from asshole neighbors ( PRICELESS) HUGE BUBBLE BURSTING SOON IN WEST AND CHINA. SAME HOUSE IN INDIA COSTS ONE THIRD OF PRICE. SAVE MONEY, LIVE HAPPY. CHEERS
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