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Renters Surprisingly Optimistic About Housing Market


In a year when the housing market has been plagued by a dearth of affordable homes, it came as a surprise to many that, in September, optimism spiked among potential homebuyers; so says an article from CNBC.

According to a survey conducted by Fannie Mae, housing confidence rose to unexpectedly high levels.

So, what’s driving this optimism?

Current renters are saying that now is a good time to buy and that they believe home prices won’t rise as much next year as experts think they will. On the other hand, they say that the main hurdle to entry-level ownership is… high prices!

"Perceptions of easing inventory helped boost the net share saying that now is a good time to buy, which is consistent with less bullish home price appreciation sentiment during the month," wrote Doug Duncan, Fannie Mae's chief economist, in the release.

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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