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Daffodils, April showers, robins and a new crop of For Sale signs seem to be working their seasonal magic on home buyers. The latest Fannie Mae survey, conducted in March, reports that the gloominess that shrouded buyers during the bitter winter months has melted away and attitudes are nearly as positive as they were a year ago.
Consumers who say it's a good time to buy reached 69 percent, the highest buyer confidence has been since September and just below 71 percent levels of March and April last year. Confidence fell as low as 65 percent in January when concern over interest rates was high. Concern over rates fell markedly in March. The percentage of those who expect rates to rise fell from 56 to 54 percent from February to March and those who expect rates to fall rose from 34 to 38 percent.
Expectations that prices will increase also declined f... If the email address was found in our system, your password has been sent. Please check your inbox.
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