Consumers Increasingly Adamant That It s a Good Time to Sell, Bad Time to Buy a Home apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
HPSI Dips as Consumers Pessimism Toward Homebuying Conditions Sets Survey Record
Gap Between Homebuying and Home-Selling Sentiment Continues to Widen
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® (HPSI) decreased in April by 2.7 points to 79.0. Four of the HPSI s six components decreased month over month, most notably the component related to home-buying conditions, which turned net negative for the first time in the survey s history. This decline was offset in part by consumers ongoing optimism toward home-selling conditions, which continued its significant rise from this time last year and has nearly returned to its pre-pandemic peak. Year over year, the HPSI is up 16.0 points.
Housing Sentiment Jumps on Consumers Selling and Personal Finance Optimism
Sixty-One Percent of Respondents Believe It s a Good Time to Sell a Home
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® (HPSI) increased in March by 5.2 points to 81.7. Four of the HPSI s six components increased month over month, including the components related to homebuying and home-selling conditions, household income, and home prices. The mortgage rate outlook component experienced the only decline; and the latest results indicate that only 6% of consumers believe that mortgage rates will decrease over the next 12 months. Year over year, the HPSI is up 0.9 points. The significant increase in the HPSI in March reflects consumer optimism toward the housing market and larger economy as vaccinations continue to roll out, a third round of stimulus checks was distributed, and the spring homebuying season began – perhaps with even more intensity this year, since 2020 s spring homebuying season was limited by vi
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WASHINGTON, March 17, 2021 /PRNewswire/ As vaccines deploy and social lockdown measures continue to ease, U.S. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4 percent in the second quarter and 6.6 percent for the full year before moderating in 2022, according to the March 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group s latest forecast includes only modest and intertemporal revisions to the topline economic numbers, reflecting recent developments registering mostly offsetting impacts to growth, including stronger-than-expected consumer spending data, weather- and energy-related disruptions across wide swaths of the country, new details regarding the stimulus bill, showing some government expenditures to be later than previously expected, and updated interest rate expectations. Right now, risks to further economic recovery remain largely n