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Most Americans say it’s a good time to sell a home – here’s why you may consider a mortgage refinance instead By Kelsey Ramirez article Home prices are surging at a record pace, causing consumers to agree now is not a good time to buy a home. (iStock) Although mortgage interest rates remain near record lows, more Americans are now saying that while it s a good time to sell a home, it s not a good time to buy. However, as median home values surge across metro areas, it may be a great time to refinance. The latest Home Purchase Sentiment Index from Fannie Mae saw some volatility in its good time to buy and good time to sell components. As of June, 64% of survey respondents said now is a bad time to buy a home, up from 56% the month before, while 77% said now is a good time to sell, up from 67% in May. That can largely be attributed to rising home prices, which are surging at a record-breaking pace.

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