In Some Pricey Housing Markets, Selling Sentiment is High
Latest U.S. Housing Confidence Survey: the majority of owner-occupied household heads across 20 large metro areas says that now is a good time to sell a home. However, a geographic analysis reveals significant disparities.
Note: most of the cities with a below-average number of homeowners who agree that now is a good time to sell have a high (i.e., > 20%) negative equity rate. For example, according to Zillow Research, the percentage of owner-occupied homes that are underwater in Atlanta and Las Vegas is 29% and 27%, respectively (in contrast, the rate in Denver is less than 10%). Although negative equity in the U.S. has diminished, its negative impact is far from finished.