2026-07-06 19:34:35 Is it a good time to buy? Home buying sentiment dips – NEW WTOP Skip to main content

Is it a good time to buy? Home buying sentiment dips

Potential homebuyers may be hesitating a bit now, although sentiment about selling remains strong.

Fannie Mae’s monthly national housing survey in July found the percentage of respondents who say it is a good time to buy a home decreased from 61% to 53%, while the percentage who say it is a bad time to buy increased from 27% to 38%. As a result, the net share of those surveyed who say it is a good time to buy decreased 19 percentage points from June.

“Supply constraints appear to be applying upward pressure to consumers’ home price expectations, which in turn has contributed to both a sharp reversal in optimism about whether it is a good time to buy a home and further improvement in home-selling sentiment,” Fannie Mae senior vice president and chief economist Doug Duncan said.

The share of respondents surveyed in July who said it is a good time to sell a home increased from 41% to 45%, while the share of those who said it is a bad time to sell remained unchanged at 48%. That means the net share of those who say it’s a good time to sell rose 4 percentage points.

The survey found that more than any other respondent groups, renters, 18- to 34-year-olds and households earnings less than $100,000 said it is a bad time to buy a home.

The survey also asked about job concerns and household income.

The percentage of respondents who said they were not concerned about losing their job in the next 12 months increased from 74% to 76%, and those who were concerned decreased from 26% to 23%.

Those who said their household income is significantly higher than it was 12 months ago fell from 25% to 22%, while those who said their income is significantly lower was unchanged at 16%.

The survey was conducted by live telephone interviews in early July and included 1,000 respondents.

Should you buy a house with cash?

High mortgage interest rates may have you exploring alternative ways of buying your home that don't require a loan. And while the competition for a new home may not be what it was in 2021, for the right home you may still need to work to get a leg up on the competition. If you have the means, an all-cash offer is a great way to fast-track a deal and avoid the additional costs that come with a mortgage. A seller is more likely to accept your offer, and the success of the deal isn't reliant on a lender's OK following an appraisal. You'll also own the home outright after the transaction with no mortgage to pay each month.
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