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The rise of the armchair seller

Posted by Scott Van Voorhis April 10, 2014 09:25 AM

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Homeowners are feeling rosier by the day about the real estate market and their own personal finances, a new nationwide survey finds.

In fact, 38 percent of those polled say that it is now a good time to sell, up from 26 percent in March of 2013, Fannie Mae reports.

Interesting, right?

OK, it's hardly a landslide, but it's a big improvement from where we've been.

Yet if homeowners are truly more bullish about the real estate market right now, why aren't more of them actually putting their homes on the market?

After all, prices have bounced back and then some, especially in the wealthier towns and neighborhoods of Greater Boston.

But the inventory of available homes for sale just keeps skidding along at pathetically low levels, especially in the market's mid range of $400,000 to $600,000 - inside 495, that is.

It would seem there are more armchair sellers right now than actual sellers.

The rest of the Fannie Mae report, which deals with the economy and household finances, only deepens the mystery.

More than 42 percent of the 1,005 people surveyed expect their finances to improve over the next year, with just 12 percent bracing for personal bad times ahead compared to 21 percent a year ago.

Here's the clincher, though. Despite all the optimism about the real estate market, consumer sentiment about the economy is in the toilet.

A stunning 58 percent said they believe they economy is on the wrong track, unchanged from March, 2013.

And the number of those convinced the economy is on the right track is shrinking, down to 33 percent compared to 35 percent a year ago.

Are you on the fence about selling? If so, why?

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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