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Summer Buyers Feel Good About Their Prospects

The housing market has softened a bit in recent weeks, with mortgage rates and home prices both showing signs of calming. Whether or not it’s enough to inspire buyers remains to be seen. But according to one recent survey, current home shoppers are feeling positive about their position. In fact, a majority said they feel confident. Results found 56 percent of respondents said they expect to find and close on an affordable house that fits their needs. Additionally, 44 percent of surveyed home shoppers said they expect to get a good deal. That’s a positive sign for the summer housing market as it heads toward fall. But while current buyers are optimistic, a majority of survey participants still have affordability concerns. Home prices and mortgage rates topped the list of current concerns, with finding the right place coming in third on the list of worries. (source)

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