Consumers are becoming more optimistic that the housing market will turn in their favor in the coming year, though affordability concerns continue to weigh them down. Fannie Mae’s Home Purchase Sentiment Index (HPSI) jumped to its highest level since May 2022 in April, up 5.5 points to 66.8. This is the largest increase in more…
Homebuyers and sellers were feeling pessimistic about the market last month due to affordability and job security concerns. Leaders at Fannie Mae said the Home Purchase Sentiment Index fell by 3.6 points in February, breaking three straight months of increases and pushing the index closer to a record low recorded last October. “The decline was…
Most consumers think the economy is on the “wrong track,” growing frustrated as they struggle against inflation and a slowing economy. Fannie Mae’s most recent Home Purchase Sentiment Index (HPSI) fell 3.4 points in June to its lowest reading in ten years, while a survey-high 81% of consumers reported they believe the economy is on…
Only 17% of consumers believe it’s a good time to purchase a home as rising interest rates and high home prices push many buyers out of the market, according to Fannie Mae’s Home Purchase Sentiment Index. The May HPSI fell by 0.3 points, remaining relatively steady, but continues to move closer to its 10-year low…
Consumer sentiment towards home buying fell in March, pushed down by rising interest rates and difficult conditions generally, according to Fannie Mae’s Home Purchase Sentiment Index. The HPSI decreased by 2.1 points to 73.2, with four of its six components down month-over-month. The full index is down 8.5 points YOY. In March, 69% of respondents…
Good Morning! Today is Monday, March 7. Ukrainian resistance stalled Russian forces this weekend, driving them from the port city of Mykolaiv. This morning, Russia launched an artillery barrage there. Tornadoes in Iowa killed seven people and destroyed dozens of homes. The Mortgage Note Reports America’s Most Expensive Home Sets Record At Auction, New Owner Revealed: A…
More consumers than ever think mortgage rates and home prices will continue to rise, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). The HPSI rose by 3.5 points to 75.3 in February, with five of the index’s six components increasing month-over-month despite respondents’ surly attitude towards home prices and interest rates. However, the full…
Good Morning! Today is Tuesday, February 8. The Supreme Court reinstated Alabama’s congressional map, which a lower court had said hurts Black voters. Vladimir Putin met with President Emmanuel Macron of France but did not rule out a Ukraine invasion. The budget airlines Frontier and Spirit plan to merge. The Mortgage Note Reports UWM Sues Brokerage…
Fannie Mae’s Home Purchase Sentiment Index (HPSI) fell 2.4 points to 71.8 in January, its lowest level since May 2020, the GSE reported. The full index is down 5.9 points year-over-year. Affordability concerns drove sentiment down, with four of the index’s six components falling month-over-month. Only 25% of respondents said they believed it’s a good…
Fannie Mae’s Home Purchase Sentiment Index (HPSI) fell 0.5 points to 74.2 in December, the GSE reported. Three of the index’s six components fell month-over-month as consumers once again reported pessimistic views on the homebuying market. Year-over-year, the index rose by 0.2. A record-low 26% of respondents reported they believe it’s a good time to…
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