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Fear! Selling Conditions for Housing Highest Since 2007 (University of Michigan Survey of Consumers)

The Universtity of Michigan has released their latest Survey of Consumers. They find that consumers think that the conditions for selling a home is the highest since 2007.

What is the reasons that consumers feel this way? It is likely the scant inventory of for-sale dwelling coupled with rising home prices.

And/or it could be the fear that The Fed will raise interest rates.

Yes, fear of rate hikes and possible declines in home prices stalk consumers. 

 

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