Housing inventory is ready for a boost based on positive outlook from homeowners. Homeowners’ confidence is selling their homes is increasing according to a recent survey by the National Association of Realtors in June. 46% of sellers in the second quarter are now “strongly” optimistic that now is a good time to sell. This number is up compared to 37% in the first quarter. The National Association of Realtors study also found:

38% of people who responded to the survey ‘strongly agree’ that now is a good time to buy and 27% ‘moderately agree.’ This leads us to believe that it is not just seller optimism in the market.

55% of consumers think the economy is improving. This is up from 53% in the first quarter. Confidence in the overall market may be spilling over into the housing market.

53% of Gen Xers believe the economy is improving, up 3 percentage points from the quarter prior.

Mortgage rates are boosting sales in real estate and will boost the housing inventory. As Lawrence Yun, Chief Economist for the National Association of Realtors, says “lower mortgage rates, along with job and wage growth, will lead to an increase in sales and thereby contribute positively to economic growth in the upcoming quarters.”

Take a look at my current listings!

Source: REALTOR Magazine