Only 54% of Buyers Think Now’s a Good Time to Buy a Home, Says Fannie Mae

A For Sale sign in front of a sunny green lawn and white two-story home.

Image source: Getty Images

When mortgage rates dropped to record lows back in July, it seemed like a prime opportunity for buyers. Then, in September, rates got even lower. In fact, for several months, it’s been a great time to buy a home from an interest rate perspective. But only 54% of buyers think now’s a good time to move forward with a home purchase, according to a new Fannie Mae survey. The question is: Are buyers being overly pessimistic, or might they indeed be better off waiting?

Why now’s not the best time to buy

The housing market has been grappling with limited inventory this year, and that’s meant supply is lower than demand. The result? Homes are far more expensive now than they were a year ago. In fact, home values are up 6% from the previous year, according to data firm CoreLogic, and many buyers face bidding

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Hunt Real Estate Capital Provides $27 Million Fannie Mae Loan to Refinance a Newly-Built Multifamily Community in Hialeah, FL

NEW YORK, Sept. 30, 2020 /PRNewswire/ —┬áHunt Real Estate Capital, a division of ORIX Real Estate Capital, announced that it has provided a $27 million Fannie Mae DUS┬« Conventional Multifamily loan to refinance construction debt for Las Vistas at Amelia, a 174-unit apartment community in Miami-Dade county.

Built in 2020, Las Vistas at Amelia is a workforce housing community designed to attract young professionals. The two-bedroom, two-bathroom apartments feature a modern design with ceramic tile flooring throughout, granite countertops in the kitchen and bathrooms, and state-of-the-art hurricane impact windows.

Located in Hialeah, Florida, the property quickly leased up post-construction, demonstrating its strong appeal to the community.

“Las Vistas at Amelia is a high-quality workforce housing community that plays an important role in the city of Hialeah by providing safe, first-rate housing for its residents,” said Marc Suarez, director with Hunt.

The $27 million loan

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