Latest news with #NationalHousingSurvey
Yahoo
4 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
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
07-03-2025
- Business
- Yahoo
Persistently high mortgage rates are making people more pessimistic about the housing market
Americans are feeling worse about the housing market as mortgage rates stay elevated, according to Fannie Mae's latest survey of consumer attitudes. Just 30% of respondents polled by Fannie Mae now expect mortgage rates to fall in the next 12 months, down from 35% in January. Thirty-three percent see mortgage rates rising, and 36% think they'll stay the same. Those shifting views helped the Fannie Mae Home Purchase Sentiment Index decline 1.8 points in February to 71.6. It notched its first year-over-year decline in nearly two years, falling 1.2 points from February 2024. Most of the survey was conducted in the first two weeks of February, when mortgage rates remained stuck around 6.9%. In recent weeks, they've fallen to 6.63% amid growing economic uncertainty and President Donald Trump's rapidly evolving tariff policies. Meanwhile, 41% of survey respondents see home prices rising in the next 12 months from their already high levels. 'While some consumers may be slowly acclimating to the higher mortgage-rate environment, the vast majority continue to believe it is a 'bad time' to buy a home — with high home prices cited as the primary sticking point,' Mark Palim, Fannie Mae's senior vice president and chief economist, said in a statement. Last month, 76% of survey respondents said they thought it was a bad time to buy a home, down slightly from January's 78%. Consumers are also growing slightly more wary about their own financial positions. Twenty-three percent of employed respondents said they're concerned about losing their jobs in the next 12 months, up from 22% in January. Learn more: How much house can I afford with a $70,000 salary? The net percentage of respondents who reported their incomes had risen significantly in the last 12 months also fell one percentage point to 7%. The Home Purchase Sentiment Index is derived from select questions from Fannie Mae's monthly National Housing Survey of about 1,000 adults. The February survey was conducted between Feb. 1 and Feb. 18. Claire Boston is a Senior Reporter for Yahoo Finance covering housing, mortgages, and home insurance.
Yahoo
07-02-2025
- Business
- Yahoo
Consumers might finally be accepting higher-for-longer mortgage rates
Today's higher mortgage rate reality is finally sinking in with potential homebuyers and sellers. As average 30-year mortgage rates have stayed stuck around 7%, the net share of consumers who believe they'll fall in the next 12 months declined sharply in Fannie Mae's latest survey on housing market attitudes. Just 35% of respondents polled by the mortgage giant in January now expect mortgage rates to drop, down from 42% in December and a survey-high 45% in November. The share of consumers who think rates will rise jumped to 32%, from 25%. Housing market economists have warned that mortgage rates might not fall much this year after the Fed lowered its expectations for rate-cutting and uncertainties linger over how President Donald Trump's economic agenda could affect inflation and economic growth. But for many months, consumers stayed stubbornly optimistic that rates were headed lower. That appears to be shifting. 'Consumers seem increasingly pessimistic that housing affordability conditions will improve across the board, as a growing share expects home prices, rent prices, and mortgage rates will all go up,' Kim Betancourt, Fannie Mae's vice president of multifamily economics and strategic research, said in a statement. Read more: 5 strategies to get the lowest mortgage rates in 2025 Despite the pessimism about mortgage rates, Fannie Mae's overall Home Purchase Sentiment Index rose 0.3 points to 73.4, as buyers and sellers grew slightly more optimistic about buying and selling conditions and home prices in the next 12 months. The percentage of respondents who believe home prices will rise in the next year jumped to 43%, from 38%, while the share of those who think prices will fall declined to 22%, from 27%. Meanwhile, consumers are also growing more concerned about rising rents. 65% now think home rental prices will increase, up from 57% in December. The Home Purchase Sentiment Index is derived from select questions from Fannie Mae's monthly National Housing Survey of about 1,000 adults. The January survey was conducted between Jan. 1 and Jan. 21. Claire Boston is a senior reporter for Yahoo Finance covering housing, mortgages, and home insurance. Sign in to access your portfolio
