“Over the past year, the HPSI has plateaued at a low level, evidence of persistent consumer pessimism regarding the state of the housing market,” said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Pending Sales Dropped in all Regions YoY
Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand for homes on the sidelines, you can't buy what's not for sale, even if you can afford it.”
Read More »Fannie Mae Updates on Perceived Homebuying Sentiment
Fannie Mae’s Home Purchase Sentiment Index revealed that home-selling and homebuying sentiments are up year-over-year, a welcome sign that raised the index as a whole by 4.9 points.
Read More »Home Purchase Sentiment Improves, But Few Believe It’s a Good Time to Buy
Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”
Read More »Consumers Report: Good Time to Sell, Bad Time to Buy
According to a newly released survey by Fannie Mae, affordability constraints have consumers increasingly convinced that it is a seller’s market, while high prices leave buyers with a bleak outlook.
Read More »Housing Confidence Increases with Upward Trend in HPSI
“This month’s increase in the HPSI was the largest in over two years, primarily driven by consumers’ more optimistic mortgage rate expectations,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Consumer Confidence in Housing Near Historic Lows
Fannie Mae’s Home Purchase Sentiment Index posted numbers in March that were just above lows hit late last year.
Read More »Affordability Remains Chief Consumer Concern
With both home prices and interest rates remaining relatively high, consumer sentiment is being suppressed by these purchase conditions.
Read More »Fannie Mae Survey: Housing Sentiment Remains Low
Doug Duncan, Fannie Mae’s SVP and Chief Economist, noted that “respondents continue to cite high home prices and unfavorable mortgage rates as the primary reasons for their pessimism.”
Read More »Consumers Report Continued Housing Market Pessimism
A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.
Read More »