81% of Home Sellers Believe Home Prices will Continue to Rise; Missing Out on Future Price Gains Surpasses the Economy as Top Concern
Responses to Redfin’s Real-Time Seller Survey present a classic good news / bad news scenario. The good news is that homeowner confidence continues to rise—22 percent of sellers believe now is a good time to sell, up from just 15 percent three months ago—indicating a potential easing of tight inventory in the coming months. The bad news is that many would-be sellers continue to opt for renting out their home rather than selling, so any increases in listings are likely to be modest. Even when (or if) more inventory comes, it’s likely to hit later this year than most years, as many sellers have shifted their timelines a few months into the future.
After watching the housing market become increasingly seller-friendly throughout 2012, the year closed with sellers indicating an increasingly positive outlook. Here’s what sellers told us this quarter:
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