Housing confidence hits record high as home prices skyrocket

  • *  Consumer confidence in housing jumped to its highest level on record in April, according to Fannie Mae.
  • *  Those who think home prices will move even higher rose the most, and those who think now is a good time to sell came in second.
  • *  Only the share of those who think it’s a good time to buy fell.

Home prices made their biggest jump in four years in March, up 7 percent compared with March 2017, according to CoreLogic, which also calculated that half of the nation’s 50 largest metro markets are now considered overvalued. That is based on prices being at least 10 percent higher than the long-term sustainable average.

READ MORE:  https://www.cnbc.com/2018/05/07/housing-confidence-hits-record-high-as-home-prices-skyrocket.html

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