The share of consumers who think it's a good time to buy a home increased from 52% to 61% month to month, according to the Fannie Mae survey
"The share of renters who say it's a good time to buy a home is now at its highest level in five years, suggesting favorable conditions for first-time homebuying, consistent with the recent rebound in home purchase activity," said Doug Duncan, Fannie Mae senior vice president and chief economist. Home sales jumped dramatically in May, after grinding to a halt in March and April. While new listings are coming on the market, the total inventory of homes for sale at the end of May was 19% lower than May 2019, according to the National Association of Realtors. Pending sales in May, which represent signed contracts on existing homes, jumped a record 44% compared with April.
Great time to buy a home at the start of the worst depression in 100 years, with the stock market about to fall off a cliff. Debt is basically free though, so why not?
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