Fannie Mae’s National Housing Survey includes data from more than 1,000 U.S. households and it’s not tough to see why respondents are bullish on housing. As compared to one year ago, home values in the majority of U.S. cities have climbed — in some cases, dramatically.

Values in previously hard-hit cities such as Phoenix, Arizona and San Francisco, California have climbed by as much as one-fifth from last spring; and, nationally, values are higher by 7 percent, on average, according to home valuation trackers including the Case-Shiller Index.

As a result, fewer U.S. homeowners are underwater on their homes, an about-face which has led some to change their mind about whether “it’s a good time to sell” their home.

12 months ago, just sixteen percent of U.S. consumers thought it was a good time to sell. Today, with fewer homeowners underwater on their home loans and with a stronger U.S. economy, that figure has climbed to 40%.

There are plenty of reasons for sellers to be excited for the housing market :

• Existing Home Sales are up 10% annually
• New Home Sales are up 29% annually
• Home supply remains in “bull market” territory

Furthermore, National Association of Homebuilder (NAHB) reports more than 70% of U.S. metropolitan regions in the midst of “measurable and sustained” expansion. All of this growth has put buyers on the hot seat.

76% out surveyed consumers said “now is a good time to buy” a home

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