Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Home / Daily Dose / Consumer Woes About Author: Joey Pizzolato Share Save Tagged with: Fannie Mae HPSI in Daily Dose, Featured, Government, Headlines, News The Best Markets For Residential Property Investors 2 days ago Consumer Woes Fannie Mae HPSI 2017-08-08 Joey Pizzolato Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae’s Home Purchase Sentiment Index (HPSI) gives a pretty clear picture of the general public’s feelings and concerns on certain market trends, such as mortgage rate expectations, whether or not people feel it’s a good or bad time to buy or sell a home, income, job concerns and home price expectations.In the month of July, the overall sentiment dropped to 86.8—a decrease of 1.5 percentage points. June was the index’s highest amount. This overall decrease is due to drops in half of the HPSI components: the net amount of people who felt this was a good time to buy a home (7 percentage points), the number of people who felt like this is a good time to sell a home fell (11 percentage points); and respondents income being significantly higher than it was 12 months ago also fell slightly (1 percentage point). People did, however, feel a greater sense of job security, which was measured at a difference of 9 percent.July was a month for records, as people who though it was a bad time to buy a home reached a new survey high. As follows, people who that it was a good time to buy a home reached a new survey low. Drop in both selling and buying sentiment were the two largest reasons for the overall drop in the HPSI.“It’s clear that high home prices are a growing challenge helping to send buying sentiment to a record low,” said Doug Duncan, SVP and Chief Economist at Fannie Mae. “However, we find the notable decline in selling sentiment surprising. If it persists, this month’s decrease in optimism regarding the direction of the economy, which appears to coincide with rising uncertainty regarding the outlook for pro-growth legislation this year, could weigh on overall housing sentiment in the second half of the year.” August 8, 2017 1,171 Views Previous: Down with Delinquency Next: Flagstar Announces new Leader to Mortgage Business The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Print This Post
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