In Texas where the recession didn’t tarry and where real estate seemed only to flourish, the seller’s market thrived, and still does due to the low market inventory. Fannie Mae’s April National Housing Survey stated “the share of respondents who believe now is a good time to sell a home increased for the third consecutive month to an all-time high of 42%, an encouraging sign since many potential homebuyers will need to sell a home before entering the purchase market.”

In regards to the country’s general real estate, 69% of people feel that it is a good time to buy a house. That assumption helps lead buyers to existing inventory in local real estate, so sellers don’t have to wait too long for potential customers. The Fannie Mae survey showed that people believe that home prices will rise only 2.9% over the next year. It also doesn’t hurt that mortgage rates are currently lower.

The survey also showed that the number of people who believe that mortgage rates will increase are decreasing. This trend shows that consumers realize that there’s no reason not to buy now. Mortgage prices are a motivating factor and the expectation that rent will increase also makes buying more appealing.

Don’t believe us? Check with your local real estate agent. They can help you determine the exact temperature of your area’s market. And if you’re looking to sell a home, now is a good time with a low inventory and a general belief that buyers should purchase quickly.