{"id":32165,"date":"2015-04-07T11:44:27","date_gmt":"2015-04-07T18:44:27","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=32165"},"modified":"2020-10-06T17:08:34","modified_gmt":"2020-10-07T00:08:34","slug":"is-housing-catching-a-spring-chill","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/is-housing-catching-a-spring-chill\/","title":{"rendered":"Is Housing Catching a Spring Chill?"},"content":{"rendered":"

Spring is a bad time for housing to catch a chill, but that\u2019s the latest diagnosis from Fannie Mae\u2019s monthly consumer survey<\/a>. Attitudes toward homeownership hit a low in March, and more people think the economy is on the wrong track.
\nThe number of people who would buy a house if they moved fell from 65 percent to 60 percent, the smallest share since the survey began in June 2010, Fannie found. On the plus side, more people think now is a good time to sell.
\n\"housing\"<\/a>
\nFewer people think the economy is on the right track and more think the economy is on the wrong track, the survey found. And fewer respondents said their household income was \u201csignificantly higher\u201d than it was a year ago. At the same time, expenses are going up for more people, the survey found.
\nFannie Mae Chief Economist Doug Duncan blames the pessimism on lackluster income growth and says attitudes could change as the job market improves. Meanwhile, \u201cthe wait for housing expansion continues.\u201d
\nUntil then, first-time buyers in particular are getting squeezed.
\n“Incomes haven’t kept up with house price growth, which has made the post-boom market challenging, particularly for first-time buyers,” Redfin Chief Economist Nela Richardson said. “Tight mortgage credit is adding to those challenges.”
\nThe findings are based on a Fannie Mae<\/a> phone survey of 1,000 people March 1-23.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spring is a bad time for housing to catch a chill, but that\u2019s the latest diagnosis from Fannie Mae\u2019s monthly consumer survey. Attitudes toward homeownership hit a low in March, and more people think the economy is on the wrong track.<\/p>\n","protected":false},"author":13355,"featured_media":32172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[66,70,32,14,74,19],"coauthors":[79,198,206,163],"class_list":["post-32165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-agents","tag-home-buyer-tips","tag-housing-market-tracker","tag-industry","tag-mortgage-tips","tag-politics"],"acf":[],"yoast_head":"\nIs Housing Catching a Spring Chill? 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