Consumer Housing Sentiment Dips For First Time In 4 Months Reportwire Fading hopes that mortgage rates will come down in the next 12 months are denting consumer sentiment about housing market conditions for the first time since november, according to results of a march survey released monday by fannie mae. Consumer sentiment toward the housing market has declined on a year over year basis for the first time since 2023, according to the latest fannie mae home purchase sentiment index (hpsi).
Consumer Purchase Sentiment Dips After Three Months Of Increases The home purchase sentiment index ® (hpsi) distills information about consumers’ home purchase sentiment from fannie mae’s national housing survey ® (nhs) into a single number. the hpsi reflects consumers’ current views and forward looking expectations of housing market conditions and complements existing data sources to inform housing related analysis and decision making. the hpsi is. For the first time in nearly two years, consumer housing sentiment year over year has taken a downward turn. fannie mae’s home purchase sentiment index (hpsi) dropped by 1.8 points in february, now sitting at 71.6. Consumer sentiment toward housing reached its highest level since march 2022, fueled by increased confidence in job security and a higher share of people who expect mortgage rates to decrease. For the first time since may 2020, a larger share of respondents expect home prices to decline in the next 12 months than expect prices to increase (32% expect home prices to go up; 35% expect.
Housing Sentiment Surges In March And Sellers Are The Most Optimistic Consumer sentiment toward housing reached its highest level since march 2022, fueled by increased confidence in job security and a higher share of people who expect mortgage rates to decrease. For the first time since may 2020, a larger share of respondents expect home prices to decline in the next 12 months than expect prices to increase (32% expect home prices to go up; 35% expect. As a result, the net share of respondents expecting rates to decrease fell by 6 percentage points, turning negative for the first time in months at 3%. this shift highlights the growing sense of uncertainty in the market and the hesitancy among consumers to make major financial decisions when mortgage rates remain high. Fannie mae’s home purchase sentiment index (hpsi) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates.
Consumer Confidence In Housing Rises As Prices Fall As a result, the net share of respondents expecting rates to decrease fell by 6 percentage points, turning negative for the first time in months at 3%. this shift highlights the growing sense of uncertainty in the market and the hesitancy among consumers to make major financial decisions when mortgage rates remain high. Fannie mae’s home purchase sentiment index (hpsi) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates.
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