Mixed Perceptions: Homeowners Optimistic While Home Sales Remain Low in Southern Nevada.

Americans overall are feeling worse about the housing market, with Fannie Mae's index measuring housing sentiment decreasing by 1.2 points to 65.6 in May. However, sellers are feeling better, with the "good time to sell" component increasing in May to its highest level since last July. The contradictory perspectives reflect a market with meager inventory, where buyers continue to outnumber listings and the sellers who remain are getting multiple offers on their properties. Confidence among homebuilders has also improved for the fifth month in a row in May, hitting the highest level in 10 months, due to limited inventory on the resale side.