Latest news with #HomePurchaseSentimentIndex
Yahoo
5 days ago
- Business
- Yahoo
Fannie Mae Publishes May 2025 National Housing Survey Results
WASHINGTON, June 9, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published the results of its May 2025 National Housing Survey® (NHS), which includes the Home Purchase Sentiment Index® (HPSI), a measure of consumer sentiment toward housing. Month over month, the HPSI increased 4.3 points to 73.5. Year over year, the HPSI is up 4.1 points. For more information, access the latest data release or the key indicator data file. About the ESR GroupFannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets. Follow Fannie Fannie Mae Newsroomhttps:// Photo of Fannie Maehttps:// Fannie Mae Resource Center1-800-2FANNIE Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group or survey respondents included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group or survey respondents as of the date indicated and do not necessarily represent the views of Fannie Mae or its management. View original content to download multimedia: SOURCE Fannie Mae Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
03-06-2025
- Business
- Miami Herald
Fannie Mae predicts major mortgage rate changes are coming soon
When the Federal Reserve began cutting interest rates in September, most economists anticipated a corresponding drop in mortgage rates. Though initial forecasts predicted that mortgage rates would fall below 6% by the end of 2025, ongoing political and economic uncertainty coupled with volatile financial markets have kept rates elevated. Fannie Mae has repeatedly adjusted its projections to account for Fed policy changes, inflation trends, housing sentiment, and overall market conditions. Don't miss the move: SIGN UP for TheStreet's FREE daily newsletter In recent months, the organization has revised its mortgage rate forecast through 2026, this time offering a more optimistic outlook for the market. The latest adjustment may be enough to restore homebuyer confidence and revive housing sales. Homebuyers may see mortgage rates dip below 6% in the near future providing the reassurance needed to encourage buyers that have been waiting on the sidelines. After months of rising inflation fears, economic uncertainty, and volatile financial markets, Fannie Mae raised its mortgage rate expectations considerably, estimating rates to reach 7% by the end of 2025. However, increased housing inventory and improved GDP forecasts have painted a more optimistic picture of the housing market this year. In its May 2025 Economic and Housing Outlook, Fannie Mae revised its mortgage forecast, anticipating rates to reach 6.1% by the end of this year, and 5.8% by the end of 2026. Homebuyers waiting for rates to finally dip below 6% for the first time in years may finally be ready to take the plunge. More on homebuying: The White House will take surprising approach to curb mortgage ratesHousing expert reveals surprising ways to reduce your mortgage rateDave Ramsey predicts major mortgage rate changes are coming soonWarren Buffett's Berkshire Hathaway sounds the alarm on the 2025 housing market Fannie Mae's Home Purchase Sentiment Index also improved in April for the first time since 2024, perhaps an indication of a rebounding housing market. Though buyer sentiment is down year-over-year, the recent boost shows promise of an improved housing market in the year ahead. As sellers warm to housing conditions and inventory continues to rise, Redfin expects buyers will be incentivized by greater negotiating power and lower home prices. Economists expect home prices to drop 1% year-over-year by Q4, as sellers continue to outnumber buyers. To correct the housing market imbalance corrects itself, sellers will continue to lower home prices to draw buyers back. Though experts anticipate the strongest buyer's market since 2013, housing prices in markets with consistently strong demand, such as the Northeast and the Midwest. Related: Zillow CEO sounds alarm on concerning housing market trend Still, improved homebuyer sentiment, lower mortgage rates, and home price reductions may be the perfect combination to boost housing sales. Three-quarters of all buyers are holding off on purchasing a home until mortgage rates and home prices both fall. Fannie Mae also adjusted its home sales forecast to reflect improving market conditions, raising projected housing sales to 4.92 million, up from 4.86 million last month. If all housing factors advance as expected, the years-long housing market gridlock may finally resolve itself. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
07-05-2025
- Business
- Yahoo
Americans still feel OK about the housing market, but are more worried about selling
Americans' attitudes about the housing market managed to improve in April, even as President Trump's tariff plans plunged financial markets into uncertainty. Read more: 5 ways to tariff-proof your finances The Fannie Mae Home Purchase Sentiment Index increased 1.1 points last month to 69.2, though it's down 2.7 points in the last year. The index uses responses from the National Housing Survey, a poll of more than 1,000 household financial decision-makers conducted between April 1 and April 18. Overall sentiment improved as survey participants grew less worried about losing their jobs and attitudes about home buying remained unchanged, with around 23% of respondents saying now is a good time to buy. Still, attitudes about selling a home and the direction of mortgage rates turned more negative. Sign up for the Mind Your Money weekly newsletter Subscribe By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Of those surveyed last month, 58% think it's a good time to sell a home, down from 64% in March. Consumers remain split on where mortgage rates will go, with 26% expecting them to go down and 36% anticipating they'll go up, slightly less optimistic than a month earlier. Learn more: When will mortgage interest rates go down to 4% At the same time, respondents reported feeling better about their job security compared to a month earlier. The percentage of employed respondents who said they're worried about job loss in the next 12 months fell to 25%, from 32% in March. The relative optimism about the housing market stands in contrast to broader consumer confidence metrics. The Conference Board's Consumer Confidence Index fell for the fifth straight month in April to levels not seen since the early days of the pandemic as consumers fretted about inflation and job prospects. Since the survey was conducted, the government reported that the economy contracted in the first quarter, raising fears of a possible recession. April's jobs report, however, showed a resilient labor market, though the overall hiring rate remains low. Claire Boston is a Senior Reporter for Yahoo Finance covering housing, mortgages, and home insurance. Sign up for the Mind Your Money newsletter Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more Read the latest financial and business news from Yahoo Finance
Yahoo
07-05-2025
- Business
- Yahoo
Fannie Mae Publishes April 2025 National Housing Survey Results
WASHINGTON, May 7, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published the results of its April 2025 National Housing Survey® (NHS), which includes the Home Purchase Sentiment Index® (HPSI), a measure of consumer sentiment toward housing. Month over month, the HPSI increased 1.1 points to 69.2. Year over year, the HPSI is down 2.7 points. For more information, access the latest data release or the key indicator data file. About the ESR Group Fannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets. Follow Fannie Mae Fannie Mae Newsroom Photo of Fannie Mae Fannie Mae Resource Center 1-800-2FANNIE Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group or survey respondents included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group or survey respondents as of the date indicated and do not necessarily represent the views of Fannie Mae or its management. Cision View original content to download multimedia: SOURCE Fannie Mae
Yahoo
02-05-2025
- Business
- Yahoo
Barbara Corcoran says it's ‘a good time to buy' a home in the US — despite 77% of Americans feeling otherwise
There's a reason so many Americans are hesitant to buy a home right now. For starters, homes are less affordable than they've been in the past. In March, the median existing-home sales price rose to $403,700, representing an all-time high for the month of March and the 21st consecutive month of annual price increases, according to the National Association of Realtors (NAR). And, with the average 30-year mortgage rate sitting at 6.76% as of writing, per Freddie Mac, that's a tough combination. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) It's not surprising, then, that only 22% of consumers say it's a good time to buy a home, according to Fannie Mae's most recent Home Purchase Sentiment Index. An overwhelming 77% think it's a bad time to buy. But if you were to ask Shark Tank personality and real estate investor Barbara Corcoran what she thinks of the U.S. housing market, she might put things in a more positive light. "We have so much hesitation in the market, and it's giving us an opportunity for buyers to make a good deal," Corcoran recently told Fox Business. Ever since the Trump administration introduced tariff policies in early April, the stock market has been volatile — and Corcoran acknowledged that the real estate market may be similarly vulnerable to upheaval, especially since she's seeing large companies back away from long-term commercial leases. However, she insists that home buyers can benefit from this broad economic uncertainty. "People don't like to buy in uncertain times. People worry," she told Fox. "People at home are worried about their futures and nervous about everything, and the last thing they do is want to make a large commitment to anything." That, however, could work to buyers' advantage. A big reason U.S. home prices have been elevated is that the housing market has lacked inventory. In March, there was a four-month supply of homes on the market, per the NAR. But it commonly takes a five- to six-month supply of homes to create a balanced market — one where there's enough supply to generally meet buyer demand. However, if a large percentage of buyers start to back away from home purchases because they're worried about an economic downturn, it could create an opportunity for remaining buyers who aren't skittish. Corcoran also told Fox that people who are moving money out of the stock market should consider putting it into real estate sooner rather than later. "It's a much more stable environment, of course, because I love real estate, but I'm doing it myself. I have taken so much money out of the stock market. I've gotten great deals this month," she said. "The deals that turned me away four months ago are coming back to me. So, I know it's a good time to buy." Read more: Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? If you're looking to buy a home, you may want to take the opportunity at a time when other buyers may be backing away. But it's important to go about things strategically, especially given that home prices and mortgage rates are up, and that economic uncertainty still abounds. One thing you may want to do is get preapproved for a mortgage. This is a good strategy in general during periods when housing inventory is on the low side. Preapproval tells sellers that you're a serious buyer whose finances have already been reviewed by a lender. But just as important, mortgage preapproval gives you a sense of how much you're able to borrow. And at a time when the U.S. economy isn't so stable, it's important to not get in over your head. It's generally a good idea to keep your housing costs to 30% of your income or less. There's debate as to whether that 30% threshold should apply to your gross income versus your net income. But either way, it's important to run the numbers to establish a safe home-buying budget. And seeing what loan amount you get preapproved for should help. It's also important to make sure you're not overpaying for a home at a time when prices are up — especially if you aren't going to be making a very substantial down payment. If the economy enters a recession in the coming year, it could trickle down to the housing market and send home values on a downward spiral. If you overpay for a home and also put little money down at closing, you risk ending up underwater on your mortgage if home values plunge. This means that if you were to, say, lose your job as a result of a recession and find yourself needing to sell, you'd risk not being able to pay off your lender with your sale proceeds. Make sure to get yourself an experienced real estate agent who knows the local market well and who can help you determine whether you're paying up for a home. And be careful with loan programs like VA (Veterans Affairs) loans that allow you to make a 0% down payment, because starting out with no equity could be a dangerous thing at a time when economic conditions are uncertain. And, make sure you're buying a home you can see yourself living in for the long haul. If property values do start to decline, it's going to be harder to sell. So you may want to focus on a home that's likely to serve your needs for the next five to 10 years. If you have children, prioritize things like access to good schools. If you're trying to build up your career, prioritize access to a healthy job market. Finally, be very careful if you're going to buy a fixer-upper. Yes, you may get a discount on the purchase price of the home, but you'll also be reliant on supplies to get that home into livable condition — and tariffs could drive your costs upward. Higher supply costs could throw your renovation budget way off course, so you may want to favor a home that doesn't need as much work. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead There's a 60% chance of a recession hitting the American economy this year — protect your retirement savings with these essential money moves ASAP (most of which you can complete in just minutes) This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
